Tag Archives: Reductions

U.S. Tsunami Warning System Struggles with Budget and Staffing Reductions Facing Additional Challenges

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This month, nine seismic observatories in Alaska are expected to lose power, leaving tsunami forecasters without essential data to assess whether an earthquake could generate destructive waves heading toward the West Coast.

These stations depended on federal support that lapsed last year, and the Trump administration declined to renew it this fall. Information from the observatories is vital for researchers studying the size and shape of earthquakes occurring along the Alaska subduction zone, a fault known for producing some of the globe’s most potent earthquakes, thereby endangering California, Oregon, Washington, and Hawaii.

Michael West, director of the Alaska Earthquake Center, mentioned that the removal of the observatory could postpone the notification of a potential tsunami in Alaska’s coastal regions, with areas like Washington state potentially facing less precise forecasts.

“Statistically, the last tsunami in the United States originated from Alaska, and the next one will likely follow suit,” he stated.

This is yet another setback for the U.S. tsunami warning system, which has already been grappling with underfunding and staff shortages. Researchers are alarmed that the network might be on the verge of collapse.

“The entire tsunami warning system is regressing,” West said. “There are numerous issues at play.”

In the United States, there are two tsunami warning centers that operate continuously—one in Palmer, Alaska, and another in Honolulu. These centers provide forecasts that assist emergency managers in deciding if coastal evacuations are necessary after an earthquake. Data from Alaska’s seismic stations has historically been integral to the center’s operations.

Both centers are already experiencing staffing shortages; currently, only 11 of the 20 full-time positions at the Alaska center are filled, as reported by Tom Fahey, union legislative director for the National Weather Service Employees Organization. Meanwhile, in Hawaii, four out of 16 positions remain vacant. (Fahey indicated both sites are looking to hire scientists.)

Furthermore, funding for the National Tsunami Hazard Reduction Program, which finances the majority of state tsunami risk reduction initiatives, has been slashed by the National Oceanic and Atmospheric Administration (NOAA). In 2025, a mere $4 million was allocated—significantly less than the historic $6 million provided.

“You’re on life support,” West remarked regarding the program.

Tsunami evacuation route sign in Bolinas, California.Steven Lamb/San Francisco Chronicle, via Getty Images file

Additionally, due to probationary layoffs in February under the Trump administration, NOAA terminated Corinna Allen, director of the National Weather Service’s tsunami program, as reported by Washington state seismologist Harold Tobin. Allen, who had just recently joined the agency, refrained from commenting through a spokesperson for her new employer, the Washington State Department of Natural Resources.

These recent reductions coincide with the Trump administration’s broader strategy to cut federal spending, especially on science and climate research. NOAA enacted cuts in February, including hundreds of layoffs, reductions in weather balloon launches, and a halt to research on climate and weather disaster costs.

Most of the closed seismic stations in Alaska are located in isolated regions of the Aleutian Islands. West noted that this chain extends westward from the Alaska Peninsula towards Russia, following a subduction zone on the ocean floor. KHNS is Alaska’s public radio station, which first reported the news of the stations going offline.

A NOAA grant of approximately $300,000 annually had supported these stations. The Alaska Earthquake Center sought a new grant to continue operations through 2028 but was turned down, according to emails between West and NOAA officials examined by NBC News.

NOAA spokesperson Kim Doster stated that the federal agency ceased funding in 2024 under the Biden administration. Uma Bhatt, a professor at the University of Alaska Fairbanks and deputy director of the institute managing the grant, mentioned that the University of Alaska Fairbanks managed to raise funds in the spring to keep the program running for another year, anticipating that federal support would follow. Unfortunately, that funding never materialized.

“The removal of these observations does not hinder the Tsunami Warning Center from fulfilling its mission,” Doster remarked. “AEC [Alaska Earthquake Center] is one among many partners aiding the National Weather Service’s tsunami initiatives, and the NWS continues using various methods to guarantee the collection of seismic data throughout Alaska.”

The White House has not responded to requests for comment.

West indicated that the Alaska Earthquake Center supplies a significant portion of the data utilized for tsunami alerts in the state. The grant funding the nine seismic stations also facilitated a data stream that included inputs from the center’s additional sensors. Consequently, tsunami warning centers across the nation will no longer have direct access to that data feed.

West noted that the stations spread across the Aleutian Islands cover an extensive geographical expanse.

“There’s nothing else in the vicinity,” he pointed out. “It’s not like there’s another piece of equipment 20 miles away; there aren’t even any roads.”

West intends to abandon the station later this month but will leave the equipment behind.

Washington State’s Tobin expressed concerns that the closures “might lead to delays and diminish the quality of tsunami warnings.”

“Surveillance is sparse in this region. We need to be vigilant,” he remarked, adding, “These programs often operate unnoticed until a critical event occurs.”

The Alaska-Aleutian subduction zone stands out as one of the most active fault lines globally, having previously triggered substantial tsunamis. In 1964, a magnitude 9.2 earthquake unleashed a tsunami that claimed 124 lives, with 13 fatalities in California and five in Oregon. The majority of California’s casualties occurred in Crescent City, where waves reaching 6 meters obliterated 29 city blocks, according to the city’s website.

Experts in tsunami studies emphasized that the observatory stations in the Aleutian Islands are crucial for the swift identification of nearby earthquakes. The closer an earthquake is to a sensor, the lower the uncertainty regarding the resulting tsunami.

NOAA’s Tsunami Warning Center aims to generate an initial forecast within five minutes, which is vital for local communities. (In the event of a significant earthquake in the Aleutian Islands, the first waves could reach nearby Alaskan towns within minutes.) The only data available quickly enough to facilitate these initial projections comes from seismic signals, as opposed to buoy-mounted tide gauges or pressure sensors.

Subsequently, the warning center provides a more detailed wave height prediction about 40 minutes later. Daniel Ungaard, director of tsunami programs at the Washington Geological Survey, noted that without sensors in Alaska, there would be increased uncertainty about projected wave heights, complicating decisions on whether to initiate evacuations along Washington’s coastline.

“We strive to avoid unnecessary evacuations,” he explained, emphasizing that unwarranted alerts could result in wasted time, resources, and credibility.

Last year, tsunami warning centers nationwide were inundated. In December, a magnitude 7.0 earthquake near Cape Mendocino, California, activated a tsunami warning along the coast. July saw an 8.8 magnitude earthquake off the coast of Russia’s Kamchatka Peninsula, prompting a widespread warning along the U.S. West Coast, just west of the Aleutian Islands.

NOAA has been instrumental in establishing many seismic observatories that form part of the Alaska Earthquake Center network. However, West mentioned that over the past two decades, the agency has decreased its support. The nine bases developed by NOAA were decommissioned in 2013.

“Now is the moment for NOAA to decide on their commitment,” he declared. “I aim to ignite a conversation about tsunami preparedness in the United States, ensuring it doesn’t merely arise in response to the next catastrophic tsunami.”

Source: www.nbcnews.com

Supreme Court Approves Reductions to NIH Grants Challenging Trump’s DEI Policy

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WASHINGTON – On Thursday, the Supreme Court extended the Trump administration’s substantial reductions to the National Health Grants, part of the federal government’s initiative on diversity, equity, and inclusion policies.

However, in this intricate ruling, the court upheld another aspect of a lower court’s decision that discarded the administration’s guidance documents related to the policy, raising doubts about its viability going forward.

An emergency request by an administrator aiming to pause the Massachusetts federal judge’s ruling was partially granted, resulting in a 5-4 vote.

While the court did not extensively elaborate on its reasoning, the majority suggested that groups contesting the funding cuts would need to initiate a new lawsuit in a different federal court, specifically the Federal Court of Claims.

The decisive vote came from conservative Judge Amy Coney Barrett. All four conservative justices supported the Trump administration’s application, indicating that the other four justices, including Chief Justice John Roberts and three liberal justices, would have completely denied it.

Barrett stated in a concurring opinion, “As today’s order indicates, district courts likely lack jurisdiction to address the funding challenges that pertain to the federal claims court.” She added, “The government is not entitled to a stay of judgment as long as it possesses valid guidance documents.”

The National Institutes of Health (NIH) is a collection of agencies within the Department of Health and Human Services, receiving billions of dollars from Congress for medical research funding at universities, hospitals, and various institutions.

When President Donald Trump assumed office in January, he asserted that what is termed diversity, equity, and inclusion (DEI) constituted discrimination mainly against white individuals, rather than fostering equality as intended. He also championed policies recognizing transgender rights, including access to gender transition care.

Subsequently, the NIH conducted a review of grants and concluded that over 1,700 were inconsistent with Trump’s directives, resulting in their termination, which included programs related to teenage HIV prevention and gender identity studies.

Massachusetts, along with 16 states represented by the American Public Health Association, has contested this action.

After the trial, District Judge William Young of Massachusetts ruled that the government had not adhered to the proper legal protocols while enacting the policy, violating the Administrative Procedure Act.

In haste to execute Trump’s agenda, the NIH “failed to comply with legal requirements,” Young noted.

He characterized DEI as an “undefined enemy,” stating that government attorneys could not adequately clarify its meaning.

Young found evidence of “prevailing racism” and “widespread discrimination” against gay, lesbian, and transgender individuals in how grants were awarded. Furthermore, he identified “a distinct pattern of discrimination against women’s health issues.”

He declined to stay his ruling, a decision mirrored by the Boston-based First Circuit Court of Appeals.

Attorney General John Sauer requested the Supreme Court to intervene on behalf of the Trump administration, likening the situation to another incident in Massachusetts where the Trump administration obstructed plans to eliminate teacher training grants based on anti-DEI grounds.

The Supreme Court had blocked this earlier ruling in April with a 5-4 vote.

Sauer asserted, “This application presents a particularly clear case where this court must intervene to prevent the district court from disregarding this court’s previous decision.”

The state’s attorney countered Sauer’s assertion, stating it “bears little resemblance to reality.”

The judge deliberated Thursday on whether the April ruling impacted the latest case’s outcome.

In a brief opinion, Roberts, who had contested the previous case, asserted that Young’s findings fell within the permissible scope of district court jurisdiction.

However, conservative Justice Neil Gorsuch criticized Young in a separate opinion for failing to comply with the April ruling.

“While lower court judges may oppose this court’s ruling, they are never free to disregard it,” he wrote.

The Trump administration frequently relied on the Supreme Court when facing judicial challenges to its enforcement actions, generally securing favorable outcomes. Trump and his supporters have also aggressively criticized judges who opposed him.

Source: www.nbcnews.com

Significant Reductions in Hurricane Data May Leave Predictors in the Dark

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Forecasters are about to lose a vital source of satellite data just months ahead of the peak of the Atlantic hurricane season, as the Department of Defense prepares to shut down a more critical data stream than cybersecurity issues.

The data is generated by microwave sensors on three aging polar orbit satellites that serve both military and civilian functions. These sensors are crucial for hurricane forecasting, as they can analyze cloud layers and the storm’s core, providing insights even at night without relying on visible light.

Experts are concerned that this loss of data will hinder forecasters during a period when the National Weather Service is deploying fewer weather balloons due to budget cuts and insufficient meteorological staff. The absence of this data affects meteorologists’ ability to assess storm threats effectively and prepare emergency managers accordingly. Microwave data offers some of the earliest signs that wind speeds are intensifying in storms.

“It’s a tool that enables deeper insight. Losing it will significantly impair hurricane forecasts. It can detect the formation of eye walls in tropical storms, indicating whether these storms are intensifying,” an expert commented.

Researchers suggest that as ocean temperatures rise due to human-induced climate change, rapid intensification in tropical storms may become more common.

The three satellites operate through a collaborative initiative involving the Defense Weather Satellite Program, NOAA, and the Department of Defense.

While hurricane experts expressed concern about the loss of this tool, NOAA’s communications director, Kim Doster, minimized the potential impact of the National Weather Service’s decision on hurricane forecasting.

In a message, Doster described the military’s microwave data as “one dataset in a robust suite of hurricane prediction and modeling tools” within the NWS.

According to Doster, these forecasting models integrate data from various satellites located around 22,300 miles away from Earth, providing a synchronized view that follows the planet’s rotation.

They also incorporate measurements from Hurricane Hunter planes, buoys, weather balloons, land radars, and additional polar orbit satellites, including NOAA’s joint polar satellite system.

A U.S. Space Force representative confirmed that the satellites and their equipment are operational, and data will continue to be sent directly to satellite readout terminals across the DOD. However, the Navy’s Fleet Numerical Weather and Oceanography Center has opted to cease public data processing and sharing, officials reported.

The visible and infrared images show Hurricane Eric, which has intensified since the June 18th Category 2 storm.CIMSS

The Navy did not respond promptly to requests for comments.

Earlier this week, a Navy division informed researchers that it would halt data processing and sharing by June 30. Some researchers received notifications from the Navy’s Fleet Numerical Weather and Oceanography Center regarding their reliance on outdated and insecure operating systems.

“We cannot upgrade our systems; it raises cybersecurity risks and jeopardizes our DOD network,” stated an email reviewed by NBC News.

This decision could lead to forecasters losing up to half of the available microwave data, according to McNoldy.

Additionally, this microwave data is crucial for snow and ice researchers tracking polar sea ice levels, which helps understand long-term climate patterns. Sea ice, formed from frozen seawater, expands in winter and melts in summer. Tracking sea ice is essential as it reflects sunlight back into space, cooling the planet. This metric is vital to monitor over time, especially since summer Arctic sea ice levels are showing declining trends due to global warming.

Walt Meier, a senior research scientist at the National Snow and Ice Data Center, mentioned that his program learned about the Navy’s decision earlier this week.

Meier noted the satellites and sensors have been operational for approximately 16 years. While researchers anticipated their eventual failure, they did not expect the military to abruptly discontinue data sharing with little notice.

Meier stated that the National Snow and Ice Data Center has depended on military satellites for sea ice coverage data since 1987 but will adapt by utilizing similar microwave data from Japanese satellites known as AMSR-2.

“Integrating that data into our system could take several weeks,” said Meier. “While it may not undermine the integrity of sea ice climate records, it will pose additional challenges.”

Polar orbit satellites, part of the Defense Weather Satellite Program, offer intermittent coverage of regions prone to hurricanes.

These satellites generally circle the Earth in a north-south path every 90 to 100 minutes at relatively low altitudes, according to Meier. The microwave sensors scan narrow bands of the Earth, estimated to be around 1,500 miles wide.

As the Earth rotates, these polar orbit satellites capture images that can help researchers analyze storm structure and potential strength when they are within range.

“Often, great passes provide extensive data beyond just the hurricane,” said McNoldy, who added that the loss will decrease the frequency of scans for areas covered by microwave scans and specific storms.

Hurricane modeler Andy Hazelton, an associate scientist at the University of Miami Ocean and Atmospheric Research Institute, mentioned that microwave data is still utilized in some hurricane models and by forecasters with access to real-time visualizations.

Hazelton highlighted that forecasters always look for visual cues from microwave data, which typically provides early indications of rapidly strengthening storms.

The National Hurricane Center defines rapid intensification as a 35 mph or greater increase in sustained winds in tropical storms within a 24-hour period. The loss of microwave data is particularly concerning as scientists have observed a rise in rapid intensification linked to climate change due to warmer seawater.

A 2023 scientific report indicated that tropical cyclones in the Atlantic have about a 29% higher likelihood of rapid intensification from 2001 to 2020 compared to the period from 1971 to 1990. For instance, Hurricane Milton was strengthened into a Category 5 hurricane just 36 hours after being classified as a tropical storm, with part of this intensification occurring overnight when other satellite equipment offered less information.

From the International Space Station, Hurricane Milton, a Category 5 storm, was captured on October 8th in the Gulf of Mexico off the Yucatan Peninsula.NASA/Getty Images

This trend poses significant risks, particularly when storms like Hurricane Idria intensify just before approaching the coast.

“We’ve definitely observed numerous instances of rapid intensification right before landfall recently, something we cannot afford to overlook,” McNoldy remarked.

Brian Lamare, a dedicated forecaster at the National Weather Service in Tampa Bay, noted that this data is crucial for predicting flood impacts when hurricanes make landfall.

“These scans are key for predicting the areas of heaviest rainfall and the rates of rainfall,” said Lamarre. “This data is vital for public safety.”

Hurricane season lasts from June 1 to November 30, peaking at the end of summer and early fall. NOAA forecasters anticipate a busier hurricane season in 2025, with expectations of 6-10 hurricanes.

Source: www.nbcnews.com

EPA initiates staff reductions for environmental justice workers

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The Environmental Protection Agency has initiated significant staffing changes by beginning the process of reducing hundreds of staff through a “power reduction” process.

Last month, the agency announced a large-scale rollback of environmental regulations, including key components of the Clean Air Act, with administrator Lieseldin vowing to undermine the fight against climate change.

In February, the EPA placed environmental justice staff on administrative leave and terminated some probationary workers. Many employees are now working remotely or engaging in telework.

The latest action by the agency involves the beginning of the termination process for around 280 workers who were involved in environmental justice and diversity, equity, and inclusive programs. Additionally, 175 EPA employees have been reassigned to new roles.

“Today, the EPA has informed employees focusing on diversity, equity, and inclusion and environmental justice of the agency’s necessity to reduce personnel through the handbook and federal regulations governing the RIF procedure,” said EPA spokesperson Molly Vaseliou in an email statement. “Certain employees have also been notified of their reassignment to different offices as part of this process.”

NBC News has obtained a memorandum sent to employees affected by the power reduction, indicating that the reduced staffing levels at the EPA will come into effect on July 31st.

“President Trump’s election was a call to action from the American people, which includes issuing executive orders for significant changes within the federal bureaucracy to benefit American families, workers, taxpayers, and the government as a whole,” the memorandum explains. “We appreciate your understanding and cooperation during this transitional period.”

Source: www.nbcnews.com

NOAA employees witness deliberate interference during workforce reductions

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A group of National Maritime and Atmospheric Administration workers, who were terminated in February, rehired in March, and then fired again in April, claim they experienced payroll issues during that time and did not receive their health insurance plans or essential documents.

Kayla Besong, a physical scientist at the Pacific Tsunami Warning Center, described the situation as intentional chaos and weaponized incompetence. She revealed that she missed one of her final paychecks and was later rehired and fired for the second time after issuing a Tsunami Alert.

Another worker mentioned having to undergo a $70,000 operation without proper insurance coverage.

After initially terminating more than 600 probation employees in February, which included hurricane hunters, meteorologists, and storm modelers, the Commerce Department and NOAA were ordered to reinstate many of them in March. However, after the Supreme Court suspended some of the reinstatements, NOAA decided to fire the workers for the second time.

Communication issues prevented workers from receiving unemployment benefits and paying out-of-pocket for healthcare costs that should have been covered. Civil servants highlighted these challenges faced by NOAA workers, urging for better support.

Despite multiple attempts to reach out for interviews, neither NOAA nor the Commerce Department responded to NBC News.

Concerns about lack of planning and deliberate chaos have been raised by critics, pointing out the challenges faced by federal employees.

The concerns were outlined in a letter addressed to Secretary of Commerce Howard Lutnick, accusing the Ministry of Commerce of engaging in illegal conduct.

Limited communication and lack of proper documentation added to the confusion for affected NOAA workers, who had to rely on former colleagues for assistance.

Former employees shared their struggles with receiving proper information and dealing with administrative issues.

Despite the challenges, some workers remain hopeful of returning to their jobs once the situation is resolved.

The uncertainties surrounding the employment situation have left some workers worried about their future prospects.”

Source: www.nbcnews.com

Tesla experiences decrease in sales following a tumultuous week and global price reductions.

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Tesla has reduced prices on three of its five models in the U.S. and globally, including in China and Germany, due to declining sales, a Cybertruck recall, and increasing competition in the electric vehicle market. The price cuts have affected the Model Y, Model X, and Model S, while the Model 3 and Cybertruck prices remain unchanged.

The Model Y now starts at $42,990, the Model S at $72,990, and the Model X at $77,990 following the price reductions. Tesla also slashed the price of its “fully self-driving” software in the U.S. from $12,000 to $8,000.

In China, the starting price of the updated Model 3 was reduced by 14,000 yuan ($1,930) to 231,900 yuan ($32,000). Meanwhile, in Germany, the price of the rear-wheel-drive Model 3 dropped to 40,990 euros ($43,670.75) from 42,990 euros.

The price cuts extend to many other countries in Europe, the Middle East, and Africa, as Tesla tries to boost sales following a decline in global car deliveries in the first quarter of the year.

The series of price reductions come amidst challenges for the company, including a Cybertruck recall due to issues with the gas pedal. This incident has added to Elon Musk’s recent troubles, with Tesla stock dropping and criticism from investors mounting.

Analysts are awaiting the release of the Model 2, a smaller electric car expected to cost around $25,000. Reports of Musk canceling the project have created uncertainty, but he has denied these claims.

Tesla is set to announce its first quarter results soon, with expectations of a significant drop in sales compared to the previous year, marking the first decline in quarterly sales in about four years for the company.

Contributed by Kari Paul report

Source: www.theguardian.com

Alphabet management informs employees to anticipate more job reductions this year

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Google’s CEO told employees to expect additional layoffs this year following recent layoffs that affected 1,000 employees.

In a memo to staff on Wednesday, Sundar Pichai said departments within the tech company continue to make changes and “some roles may be affected.”

Pichai’s memo acknowledged further layoffs reported last week, with the Alphabet Union, which represents workers within Google and its parent company Alphabet, announcing that 1,000 employees were affected.

“We have ambitious goals and will invest in big priorities,” he said in a memo reported by technology news website The Verge. “The reality is that we have to make hard choices to create this investment capacity.”

Pichai said the difficult choices so far include job losses at Google’s divisions, which include search, ad sales and the YouTube platform.

He noted that Alphabet cut 12,000 jobs across Alphabet in January last year, and said the job cuts would not reach that level. The company employed 182,000 people as of September 30 last year, according to its latest quarterly results.

“These role reductions are not at the scale of last year’s reductions and will not affect all teams,” Pichai wrote. “But I know it’s very difficult to see your colleagues and teams affected.”

Pichai announced the layoffs last year, saying Alphabet experienced a hiring boom as demand for tech companies surged during the coronavirus pandemic. He acknowledged that the company had overexpanded and wrote that it “hired for a different economic reality” than the one Alphabet faces now.

Pichai’s Wednesday memo was not on par with 12 months ago, when Microsoft, Salesforce, Amazon and Meta made tens of thousands of layoffs to adapt to the post-lockdown economy, sent to employees against the background of technical layoffs elsewhere. In December, Spotify announced it would cut 17% of its global workforce, while Amazon cut hundreds of employees in its Prime Video and Studio divisions, as well as about 500 employees at live streaming platform Twitch announced that he would be fired.

According to a website that tracks job losses in the technology industry. layoff.fyi, the sector has made 7,785 job cuts globally so far this year. By the same time last year, tech companies had laid off even more employees, about 38,000.

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Pichai said Wednesday that the latest job cuts are focused on “reducing tiers to simplify execution and increase speed in some areas,” with more role cuts to come. Stated.

“While many of these changes have already been announced, we want to say upfront that some teams will continue to make specific resource allocation decisions throughout the year as needed and some roles will be affected. “There is a possibility that we will be subject to this,” he added.

Google declined to comment.

Source: www.theguardian.com

Major Banks Foresee Significant Interest Rate Reductions – Stay Updated with Blockchain News, Expert Opinions, and Job Opportunities in the Financial Sector.

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Strategists at UBS investment bank expect a significant interest rate cut by the US central bank, which is seen as bullish for Bitcoin. UBS said falling inflation could prompt the U.S. central bank (Federal Reserve) to start cutting interest rates as early as March. This development is perceived as very positive for Bitcoin, especially considering recent economic indicators.

US inflation slows significantly, eliminating bets on further Fed rate hikes

Recent data reveals slowing U.S. inflation, extinguishing hopes for further rate hikes from the Federal Reserve. The consumer price index stalled in October, with the core index rising 0.2%. Those numbers have led traders to push back when they expect the U.S. Federal Reserve to make its first move to cut interest rates.

This change in expectations is consistent with UBS’s prediction of a significant interest rate cut, creating a supportive backdrop for Bitcoin in the following ways:

Reduced opportunity cost: As traditional interest rates decline and expectations of further rate hikes fade, the opportunity cost of holding Bitcoin also decreases. This could make Bitcoin more attractive to investors looking for alternative assets.

Inflation hedge: As inflation slows, investors could turn to assets like Bitcoin, which some see as a hedge against inflation. The scarcity and decentralized nature of cryptocurrencies could make them an attractive store of value in an environment of reduced inflationary pressures.

Market speculation: Revisions to the Fed’s rate hike outlook could spark speculative activity in financial markets. Bitcoin’s higher return potential and its characteristic volatility may attract traders looking for opportunities in a changing interest rate landscape.

Macroeconomic uncertainty: Recent economic data, coupled with revised Fed rate hike expectations, may signal broader economic uncertainty. In times like these, Bitcoin’s role as a decentralized and non-traditional asset is likely to become more prominent as investors seek to escape market volatility.

This combination of factors, with the potential for increased demand and favorable market sentiment, is reinforcing Bitcoin’s positive outlook.

Source: the-blockchain.com