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