$BTC $ETH $XRP Today, the Bank of England announced a 25 basis point rate cut, lowering the benchmark interest rate from 4.5% to 4.25%. This is the fourth rate cut in this round of easing, in line with market expectations. The Bank of Japan also cut rates a few days ago.

"Steady as she goes" Powell!

Last night, the Federal Reserve remained as steady as ever, deciding to maintain the target range for the federal funds rate at 4.25% to 4.50%, despite complaints from the White House. Powell's reasons were:

1. The impact of the trade war is much greater than expected;

2. Uncertainty about the U.S. economic outlook has clearly increased;

3. The risk of rising unemployment has increased;

4. The risk of worsening inflation has increased.

It seems that Powell and the members of the Federal Reserve are much more calm about the U.S. economy than the White House.

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