$Bitcoin (BTC.CC)$ FED is now expected to be cutting by 50 b...
$Bitcoin (BTC.CC)$ FED is now expected to be cutting by 50 bps. This drop is a sign that the Fed has been lying, is late to cut rate, and the recession is coming. 25 bps was the tune bulls would like to hear, which represents economy data, and inflation is under control. 50 bps is only bullish for the long term. Short-term means a lot of bleeding.
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BFSkinner : Job numbers are looking bad not inflation right now. Powell will be speaking to that point as the reason for 50 point cut
trading the day OP BFSkinner : we all knew job reports has been a fraud. Perma bulls are the only ones ignoring the economic data
BFSkinner trading the day OP : A big shift is happening. Consumers are scraping by, businesses that lower prices will win. Greed phase is over and unacceptable in the current situation and people will just eat plain rice and not travel
trading the day OP BFSkinner : yes, sir. Honestly, if the Fed doesn't want to tank this market, a 25 bps should do it. If they do 50 bps with elections coming, things will not look pretty in the shirt term.
Sg Lion : Did Powell say he lowered interest rates? You can't just listen to what you want to hear. His exact words were: Now is the time to adjust our strategy, depending on the upcoming data.
BFSkinner Sg Lion : He can’t outright say it til it’s time for political reasons. That way they have another touch point rather than being locked in
Censorship here : Expected too is different from is . Most likely will only be a 25 bp rate cut .
735919637 BFSkinner : As long as government keeps printing money and handing out free incentives. Shift not happening. 25000 downpayment money will raise house prices by over 50k