Markets Soar on US-Saudi Trade Deal, Crypto Shines, but Fed Plays It Cool đ
Global markets got a big boost from a $600 billion US-Saudi trade deal, which rolled back tariffs and fueled a risk-on vibe. The S&P 500 wiped out last monthâs 17% drop, sitting flat for the year. US inflation (#CPI ) came in softer than expected, raising hopes for rate cuts, but the Fedâs staying cautious, likely waiting until September for any moves. Cryptoâs stealing the show, with $BTC nearing record highs and Ethereum lagging slightly. Coinbaseâs upcoming S&P 500 inclusion could push digital assets even higher.
This trade dealâs a game-changer, and the marketâs loving itâequities and crypto are riding the wave. The Fedâs caution makes sense; theyâre not about to jump the gun with tariffsâ ripple effects still unclear. Cryptoâs momentum feels legit, especially with Coinbaseâs S&P 500 boost on the horizon. Iâm bullish on markets for now, but the Fedâs data obsession could keep things choppy. Keep an eye on September for rate cut clues!
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