The recent FOMC meeting brought significant developments.

The recent FOMC meeting brought significant developments.

A 50bps rate cut was implemented, but the key takeaway lies in the dot plot, which suggests an additional 50-75bps in rate reductions over the coming months. This forecast bodes well for both #Crypto and $ETH, potentially signaling bullish momentum ahead.

One notable aspect of the meeting is the FOMC’s outlook on unemployment. They do not anticipate a sharp rise in joblessness following these cuts.

While this may seem reassuring for the markets, I hold a different view. I expect labor market softening, which could exert considerable pressure on the broader economy, ultimately necessitating further quantitative easing to sustain economic growth.