TechFlow news: On December 18, QCP Capital's latest analysis indicates that the final Federal Reserve meeting of 2024 is approaching, with a 25-basis-point rate cut expected. However, due to U.S. inflation still remaining above the 2% target and a persistently strong labor market, the meeting statement and dot plot could take on a hawkish tone. QCP forecasts three rate cuts in 2025 but suggests the Fed may remain cautious about accelerating the pace of easing.
Regarding markets, QCP notes that liquidity across various markets is gradually declining, potentially triggering price gaps and large-scale liquidations. Technical analysis shows that Bitcoin’s daily chart has formed an Evening Star pattern along with bearish divergence signals. Nevertheless, considering potential favorable factors such as Trump’s possible return to the White House in 2025, QCP advises investors to stay calm during market pullbacks and avoid hastily closing positions.
