{"id":9259,"date":"2025-01-23T11:01:54","date_gmt":"2025-01-23T11:01:54","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9259"},"modified":"2025-01-23T11:01:54","modified_gmt":"2025-01-23T11:01:54","slug":"market-waits-on-trump-will-powell-pump-bitcoin-next-week","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9259","title":{"rendered":"Market Waits on Trump, Will Powell Pump Bitcoin Next Week?"},"content":{"rendered":"
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FOMC Bitcoin Impact? Crypto markets are watching Donald Trump and Jerome Powell. Will BTC spike after pivotal FOMC meeting on January 29?<\/p>\n

In November last year, Donald Trump said his administration would look into <\/span>lowering interest rates even further<\/span>, easing the burden on consumers.<\/span><\/p>\n

Since then, the Federal Reserve not only slowed on interest rate cuts but also hinted that in 2025<\/a>, they will not ease as fast as expected. <\/span><\/p>\n

This<\/span> was bearish for the crypto and equities markets. Even though prices fell on these comments, bulls quickly scooped up more coins, taking advantage of the discounts then available.<\/span><\/p>\n

Now,<\/span> on January 29, all eyes will be on the central bank and the FOMC.<\/span> As usual, the<\/span> stakes couldn\u2019t be higher, and the Fed is expected to surprise the markets. <\/span><\/p>\n

With Trump in office, his czars would prefer lower rates to stimulate economic growth. However, whether the Fed will be hawkish (tighten) or dovish (lower) depends on <\/span>economic<\/span> data and its performance. Of importance, there are inflation<\/a>, GDP growth, and labor market factors for consideration.<\/span><\/p>\n

Eyes On the Federal Reserve: Will They Raise Or Slash Rates?<\/span><\/strong><\/h2>\n

Given Trump\u2019s ambitions in the next four years, the world is closely watching the Fed. <\/span>The president wants to re-introduce tariffs, slash corporate taxes, and <\/span>basically<\/span>\u00a0create a favorable environment for American companies to thrive.<\/span><\/p>\n

These expectations increased bond yields, reaching<\/span>\u00a0above 4.50% earlier this month. Economists expect domestic productivity to grow, pushing inflation even higher.<\/span><\/p>\n

Morgan Stanley reportedly <\/span>predicts<\/span><\/a> the central bank will hold rates steady in the next meeting. The global bank also expects the central bank to shift its position on the labor markets from \u201ccooling\u201d to \u201cstable.\u201d<\/span><\/p>\n

Over the last six months, the economy has been creating more jobs and seems healthier than it was earlier<\/span>.<\/span><\/p>\n