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Nalezeno "Rate Cut": 426

The Fed’s Rate Cut Cushion Is Good News for Crypto


A key metric by which officials set rates shows the potential to cut rates by 175 basis points over the next nine months. If so, that’s likely to drive the prices of bitcoin and ethereum higher, says Scott Garliss

Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy


Bitcoin’s price hit $61,838 per coin by 3:45 p.m. EDT on Wednesday, after spending much of the day lingering below the $60,000 mark. The crypto market mirrored the upward movement seen in the S&P 500 and Nasdaq, which both rallied just before the closing bell. This newfound optimism...

Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut


Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps) rate cut. Over on Polymarket, bettors...

CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%


On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market...

Wharton Professor Calls for Emergency Rate Cut Following Market Downturn


Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align with the Federal Reserve’s targets on inflation...

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