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🚨 Latest: Iranian President declares end to 12-day war with Israel 🎉🎉🎉🎉
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🇺🇸 Summary of the FED Chairman's testimony before the US House of Representatives 👇 - The US economy is still stable, not in recession, inflation may be lower than expected. The Fed is ready to cut interest rates early if the labor market weakens. - The reason the Fed is not in a hurry to act is because internal and external forecasts predict that inflation will increase again this year, partly due to the impact of new tariffs. - Most policymakers support cutting interest rates by the end of the year. Currently, the FED has more "room" to cut interest rates, unlike before when interest rates were close to 0. - Banks are still free to provide crypto-related services, as long as they ensure the safety and soundness of the financial system. The Fed is not allowed and does not want to buy crypto. In short, Powell emphasized that the Fed needs more time to observe the impact of tariffs and collect data. The target time to lower interest rates is still the end of the year. Mr. Too Late =)) #PowellSpeech #Fed $BTC
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💥LATEST: #21Shares is partnering with #SuiNetwork to bring institutional-grade exposure to a rapidly growing crypto ecosystem. With #SUI now drawing interest from public companies, governments, and asset managers, this is just the beginning 🔥
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📉 REALITY CHECK: Holding only cash since 2020? You're down -19% after inflation. 💡 But with just 3% in #Bitcoin, you'd be up +20%. That tiny slice of BTC made all the difference. Still think 0% $BTC is the smart move? 🧠📈
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29% of Bitcoin Holders Are Selling at a Loss: What Does This Mean?
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🔥 Just a few hours left Fed Chairman explains to Congress about the decision to keep interest rates unchanged Summary of Mr. Jerome Powell's testimony prepared for the US Congress hearing: - The Fed is in a good position to wait and consider cutting interest rates - Tariffs could push up inflation, negatively affecting the economy - There is no urgent reason to cut interest rates - The labor market "remains stable" - Inflation has decreased but "remains relatively high" Interest rates and the economic outlook will be two of the most concerned issues at this hearing. Republican lawmakers are expected to put pressure on Powell, asking the Fed chief to explain his wait-and-see stance. In a post on Truth Social this morning, President Trump also hopes that Congress will "work really hard" with Powell, saying that US interest rates should "go down at least 2-3%" from the current level (currently 4.25-4.5%). There is no urgent reason to lower interest rates. #Fed #JeromePowell $BTC
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