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- Fed rate cut decision looms 😬
Fed rate cut decision looms 😬
The market's reaction to the U.S. Federal Reserve's interest rate decision could hinge on Chairman Jerome Powell's commentary on future monetary policy actions, analysts said.
Stephen Graves
September 18, 2024
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📝 What you need to know
The U.S. Federal Reserve’s decision on interest rates is imminent—and the crypto market is on tenterhooks waiting to see how crypto prices will react.
Analysts told Decrypt that the market’s reaction could hinge on Fed Chairman Jerome Powell’s commentary about future monetary policy actions, arguing that “clear forward guidance” is essential to Bitcoin’s bullish momentum.
Ahead of the anticipated rate cut, Bitcoin ETFs pulled in $250 million on Monday, the most added in a single day for more than a month.
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