In today’s briefing:
- Crypto Moves #43 – Trading Crypto on the First U.S. Rate Cut
Crypto Moves #43 – Trading Crypto on the First U.S. Rate Cut
- It is becoming increasingly clear that the first U.S. interest rate cut is just around the corner.
- The next Federal Open Market Committee (FOMC) meeting, scheduled for September 18, will determine the Federal Reserve’s (FED) next move on U.S. Dollar interest rates.
- The FED has strongly indicated its intent to reduce rates by at least 25 basis points, with a slim possibility of a 50 basis point cut, although this is highly unlikely following the release of a slightly higher-than-expected U.S. Consumer Price Index (CPI) yesterday.
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