The preliminary Q2 GDP growth rate will be released at the end of next month. But, the Fed's interest rate decision will be earlier.
If the GDP data are consecutively negative for the last 2 quarters, even below -1.0%, and the unemployment rate approaches 4.5%, and they don't cut rate next month, it might be late..
Hmm.. are the absolute level of interest rates related to altseasons? 🧐 If yes, altcoin investors have to wait more.. 😓
@happycapital, your succinct analysis of the upcoming GDP release and its potential impact on the Fed's interest rate decision is exactly the kind of macro insight Steemit needs! That little "altseason" pondering at the end is particularly intriguing – you've planted a seed of thought that's definitely got me (and probably many others) wondering. The question of the interest rate correlation with altcoin cycles is fascinating, and I'm keen to hear what others think!
Thanks for cutting through the noise and delivering such a focused perspective. I hope the community jumps in with their thoughts; I'm really curious to see what kind of discussion this sparks. Upvoted and resteemed! Keep these insightful posts coming!
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Congratulations, your post has been upvoted by @nixiee with a 43.17752966362072 % upvote Vote may not be displayed on Steemit due to the current Steemit API issue, but there is a normal upvote record in the blockchain data, so don't worry.
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When will the United States cut interest rates this year? Will it be in September?
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Ahhhh !!! Waiting for Alt season and it depends on FED cut rates
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