{"id":511797,"date":"2022-12-09T06:52:38","date_gmt":"2022-12-09T11:52:38","guid":{"rendered":"https:\/\/wncen.com\/?p=511797"},"modified":"2024-06-11T09:37:49","modified_gmt":"2024-06-11T09:37:49","slug":"upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/","title":{"rendered":"Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin &#8211; Watch Out For The Dot Plot"},"content":{"rendered":"<p>With the Bitcoin price posting a small gain of over 1.5% over the last seven days, the market is in for a blockbuster next week.<\/p>\n<p>The release of the Consumer Price Index (CPI) on December 13, Tuesday at 08:30 AM ET, will once again be &#8220;the most important CPI ever&#8221;.<\/p>\n<p>Just one day later, on December 14, Wednesday at 2:00 PM ET, the final Federal Open Market Committee (FOMC) meeting of the year will take place. Remarkably, FED members will release their updated forecasts for inflation and interest rates (dot plot) at the meeting.<\/p>\n<h2>A Blockbuster Week<\/h2>\n<p>The dot plot is released only four times a year &#8211; in March, June, September, and December &#8211; and presents the FOMC&#8217;s economic projections, which look at GDP, unemployment rates, and inflation for the coming months as well as over the longer term.<\/p>\n<p>Within the dot plot, each member of the Committee publishes its view of potential interest rates over the longer term.<\/p>\n<p>For investors, this is extremely useful information as it allows market participants to see if the consensus path for longer-term interest rates is changing.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-regains-strength-17k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin Price Regains Strength, Why BTC Could Surpass $18K This Time<\/a><\/div>\n<p>The markets, as well as Bitcoin investors, will therefore be eagerly watching the inflation forecasts for next year, as well as the interest rate expectations for 2023 and 2024.<\/p>\n<p>As economic journalist Colby Smith wrote in November, the September dot plot showed most officials favored a slowdown to 50 basis points in December.<\/p>\n<p>The question for next week will be whether the Fed, led by Powell, will put into play a slower rate hike pace of 25 basis points (bps) or even a <span style=\"font-weight: 400\">pivot<\/span>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Fed introduced the notion of slowing down the pace of hikes in July and the September dot plot showed support from most officials for a downshift to 50bps in December. The question today is how far Powell goes to ratify that move <a href=\"https:\/\/t.co\/Pn8n0lh4kZ\" rel=\"nofollow\">https:\/\/t.co\/Pn8n0lh4kZ<\/a> <a href=\"https:\/\/twitter.com\/FinancialTimes?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@FinancialTimes<\/a> <a href=\"https:\/\/t.co\/62XOqMlm3T\" rel=\"nofollow\">pic.twitter.com\/62XOqMlm3T<\/a><\/p>\n<p>&mdash; Colby Smith (@colbyLsmith) <a href=\"https:\/\/twitter.com\/colbyLsmith\/status\/14223361?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 2, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>A Year-End Rally for Bitcoin?<\/h2>\n<p>These two events could be the &#8220;last remaining hurdles&#8221; for a year-end rally for Bitcoin, QCP Capital <a href=\"https:\/\/twitter.com\/QCPCapital\/status\/49100544\" target=\"_blank\" rel=\"noopener nofollow\">wrote<\/a> in an analysis.<\/p>\n<p>However, a higher-than-expected consumer price index and a tighter stance by the Federal Reserve could derail that rally, as was seen in the April and August reversals.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/ethereum-addresses-holding-32-eth-or-more-on-the-rise-this-on-chain-data-shows\/\" target=\"_blank\" rel=\"noopener \">Ethereum Addresses Holding 32 ETH Or More On The Rise, This On-Chain Data Shows<\/a><\/div>\n<p>On the other hand, further disinflation could lead many to seek a continuation of the rally through the end of the year, according to QCP Capital&#8217;s analysis. It goes on to say that the question markets now face is where inflation will bottom.<\/p>\n<blockquote><p><strong>Even if 2% inflation is out of reach next year, will it fall low enough such that the Fed will have room to cut rates while keeping real rates positive?<\/strong><\/p>\n<p><strong>Therefore, one key market theme for next year will be the shift from &#8216;peak inflation&#8217; to &#8216;trough inflation&#8217;.<\/strong><\/p><\/blockquote>\n<p>This is another reason why the dot plot is of paramount importance. As the last two releases show, Powell has stuck relatively strictly to projections regarding interest rates. Thus, the dot plot could reveal some insights into Powell&#8217;s thoughts about a pivot.<\/p>\n<p>If the new data matches <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-bounces-after-cpi-dump\/\" target=\"_blank\" rel=\"noopener \">CPI<\/a> expectations, it would be the fifth consecutive monthly decline. After peaking at 9.1% YoY in June. Next week&#8217;s reading could be even the lowest since January.<\/p>\n<h2>Will Powell Follow His Words<\/h2>\n<p>Given Powell&#8217;s recent comments to the Brookings Institute on November 30, it is also likely that the FED will stick to the script and raise the policy rate by only 50 basis points to 4.5%, reinforcing bullish sentiment in the market.<\/p>\n<p>If the CPI even comes in below expectations, markets could frontrun the Fed&#8217;s decision and trigger an end-of-year rally. In any case, next week will provide blockbuster volatility in the Bitcoin and crypto markets.<\/p>\n<p>Investors should pay close attention to the release of the FED&#8217;s dot plot.<\/p>\n<p>At press time, Bitcoin was trading at $17,228, showing <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-regains-strength-17k\/\" target=\"_blank\" rel=\"noopener \">signs of strength<\/a> ahead of the FOMC meeting.<\/p>\n<figure id=\"attachment_511808\" aria-describedby=\"caption-attachment-511808\" style=\"width: 2956px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-511808 size-full\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/BTCUSD_2022-12-09_11-48-11.png?resize=2956%2C1611\" alt=\"Bitcoin BTC USD 2022-12-09\" width=\"2956\" height=\"1611\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/BTCUSD_2022-12-09_11-48-11.png?w=2956 2956w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/BTCUSD_2022-12-09_11-48-11.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/BTCUSD_2022-12-09_11-48-11.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/BTCUSD_2022-12-09_11-48-11.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/BTCUSD_2022-12-09_11-48-11.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/BTCUSD_2022-12-09_11-48-11.png?w=2048 2048w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/BTCUSD_2022-12-09_11-48-11.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/BTCUSD_2022-12-09_11-48-11.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-511808\" class=\"wp-caption-text\">Bitcoin price, 4-hour chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/uD28avrX\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>With the Bitcoin price posting a small gain of over 1.5% over the last seven days, the market is in for a blockbuster next week. The release of the Consumer Price Index (CPI) on December 13, Tuesday at 08:30 AM ET, will once again be &#8220;the most important CPI ever&#8221;. Just one day later, on December 14, Wednesday at 2:00 PM ET, the final Federal Open Market Committee (FOMC) meeting of the year will take place. Remarkably, FED members will release their updated forecasts for inflation and interest rates (dot plot) at the meeting. A Blockbuster Week The dot plot is released only four times a year &#8211; in March, June, September, and December &#8211; and presents the FOMC&#8217;s economic projections, which look at GDP, unemployment rates, and inflation for the coming months as well as over the longer term. Within the dot plot, each member of the Committee publishes its view of potential interest rates over the longer term. For investors, this is extremely useful information as it allows market participants to see if the consensus path for longer-term interest rates is changing. Related Reading: Bitcoin Price Regains Strength, Why BTC Could Surpass $18K This Time The markets, as well as Bitcoin investors, will therefore be eagerly watching the inflation forecasts for next year, as well as the interest rate expectations for 2023 and 2024. As economic journalist Colby Smith wrote in November, the September dot plot showed most officials favored a slowdown to 50 basis points in December. The question for next week will be whether the Fed, led by Powell, will put into play a slower rate hike pace of 25 basis points (bps) or even a pivot. The Fed introduced the notion of slowing down the pace of hikes in July and the September dot plot showed support from most officials for a downshift to 50bps in December. The question today is how far Powell goes to ratify that move https:\/\/t.co\/Pn8n0lh4kZ @FinancialTimes pic.twitter.com\/62XOqMlm3T &mdash; Colby Smith (@colbyLsmith) November 2, 2022 A Year-End Rally for Bitcoin? These two events could be the &#8220;last remaining hurdles&#8221; for a year-end rally for Bitcoin, QCP Capital wrote in an analysis. However, a higher-than-expected consumer price index and a tighter stance by the Federal Reserve could derail that rally, as was seen in the April and August reversals. Related Reading: Ethereum Addresses Holding 32 ETH Or More On The Rise, This On-Chain Data Shows On the other hand, further disinflation could lead many to seek a continuation of the rally through the end of the year, according to QCP Capital&#8217;s analysis. It goes on to say that the question markets now face is where inflation will bottom. Even if 2% inflation is out of reach next year, will it fall low enough such that the Fed will have room to cut rates while keeping real rates positive? Therefore, one key market theme for next year will be the shift from &#8216;peak inflation&#8217; to &#8216;trough inflation&#8217;. This is another reason why the dot plot is of paramount importance. As the last two releases show, Powell has stuck relatively strictly to projections regarding interest rates. Thus, the dot plot could reveal some insights into Powell&#8217;s thoughts about a pivot. If the new data matches CPI expectations, it would be the fifth consecutive monthly decline. After peaking at 9.1% YoY in June. Next week&#8217;s reading could be even the lowest since January. Will Powell Follow His Words Given Powell&#8217;s recent comments to the Brookings Institute on November 30, it is also likely that the FED will stick to the script and raise the policy rate by only 50 basis points to 4.5%, reinforcing bullish sentiment in the market. If the CPI even comes in below expectations, markets could frontrun the Fed&#8217;s decision and trigger an end-of-year rally. In any case, next week will provide blockbuster volatility in the Bitcoin and crypto markets. Investors should pay close attention to the release of the FED&#8217;s dot plot. At press time, Bitcoin was trading at $17,228, showing signs of strength ahead of the FOMC meeting.<\/p>\n","protected":false},"author":571,"featured_media":450818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,2007,2084,83696],"class_list":["post-511797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-fed","tag-fomc","tag-powell"],"acf":[],"yoast_head":"\n<title>Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin<\/title>\n<meta name=\"description\" content=\"With the Bitcoin price posting a small gain of over 1.5% over the last seven days, the market is in for a blockbuster next week.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin\" \/>\n<meta property=\"og:description\" content=\"With the Bitcoin price posting a small gain of over 1.5% over the last seven days, the market is in for a blockbuster next week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-09T11:52:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T09:37:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/Depositphotos_300004850_s-2019.jpg?fit=1000%2C667\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin &#8211; Watch Out For The Dot Plot\",\"datePublished\":\"2022-12-09T11:52:38+00:00\",\"dateModified\":\"2024-06-11T09:37:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/\"},\"wordCount\":651,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/Depositphotos_300004850_s-2019.jpg?fit=1000%2C667\",\"keywords\":[\"bitcoin\",\"btc\",\"fed\",\"FOMC\",\"Powell\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/\",\"url\":\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/\",\"name\":\"Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/Depositphotos_300004850_s-2019.jpg?fit=1000%2C667\",\"datePublished\":\"2022-12-09T11:52:38+00:00\",\"dateModified\":\"2024-06-11T09:37:49+00:00\",\"description\":\"With the Bitcoin price posting a small gain of over 1.5% over the last seven days, the market is in for a blockbuster next week.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/Depositphotos_300004850_s-2019.jpg?fit=1000%2C667\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/Depositphotos_300004850_s-2019.jpg?fit=1000%2C667\",\"width\":1000,\"height\":667,\"caption\":\"Image: 3d illustration\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin &#8211; Watch Out For The Dot Plot\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/wncen.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin","description":"With the Bitcoin price posting a small gain of over 1.5% over the last seven days, the market is in for a blockbuster next week.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/","og_locale":"en_US","og_type":"article","og_title":"Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin","og_description":"With the Bitcoin price posting a small gain of over 1.5% over the last seven days, the market is in for a blockbuster next week.","og_url":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-12-09T11:52:38+00:00","article_modified_time":"2024-06-11T09:37:49+00:00","og_image":[{"width":1000,"height":667,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/Depositphotos_300004850_s-2019.jpg?fit=1000%2C667","type":"image\/jpeg"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin &#8211; Watch Out For The Dot Plot","datePublished":"2022-12-09T11:52:38+00:00","dateModified":"2024-06-11T09:37:49+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/"},"wordCount":651,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/Depositphotos_300004850_s-2019.jpg?fit=1000%2C667","keywords":["bitcoin","btc","fed","FOMC","Powell"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/","url":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/","name":"Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/Depositphotos_300004850_s-2019.jpg?fit=1000%2C667","datePublished":"2022-12-09T11:52:38+00:00","dateModified":"2024-06-11T09:37:49+00:00","description":"With the Bitcoin price posting a small gain of over 1.5% over the last seven days, the market is in for a blockbuster next week.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/Depositphotos_300004850_s-2019.jpg?fit=1000%2C667","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/Depositphotos_300004850_s-2019.jpg?fit=1000%2C667","width":1000,"height":667,"caption":"Image: 3d illustration"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin &#8211; Watch Out For The Dot Plot"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin &#8211; Watch Out For The Dot Plot","url":"http:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/Depositphotos_300004850_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/Depositphotos_300004850_s-2019.jpg?fit=1000%2C667"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","fed","fomc","powell"],"dateCreated":"2022-12-09T11:52:38Z","datePublished":"2022-12-09T11:52:38Z","dateModified":"2024-06-11T09:37:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin &#8211; Watch Out For The Dot Plot\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/upcoming-fomc-meeting-is-the-most-important-ever-for-bitcoin\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/Depositphotos_300004850_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/Depositphotos_300004850_s-2019.jpg?fit=1000%2C667\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"fed\",\"fomc\",\"powell\"],\"dateCreated\":\"2022-12-09T11:52:38Z\",\"datePublished\":\"2022-12-09T11:52:38Z\",\"dateModified\":\"2024-06-11T09:37:49Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/11\/Depositphotos_300004850_s-2019.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/511797"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=511797"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/511797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/450818"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=511797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=511797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=511797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}