According to BlockBeats, on September 18, according to Decrypt, CEX.IO chief analyst Illia Otychenko said that while lower interest rates are generally good for risky assets such as Bitcoin, investors should focus on the Fed’s forward-looking guidance. Even if the Fed chooses to cut interest rates by 50 basis points, the market’s reaction may depend on Fed Chairman Powell’s comments on future monetary policy actions. Without clear forward-looking guidance, institutional investors may reduce their risk exposure, which will in turn curb Bitcoin’s bullish momentum.
BlockBeats Note: After the Fed announces its interest rate decision, Powell will give a speech and answer questions from reporters half an hour later. BlockBeats will follow and report on this interest rate decision event throughout.
