Fed Rate Cut Chances Rise to 81.6% What It Means for Crypto 📉
Aslam mu alakum, and hello every one how are you, hope you all will be happy and fine. Today I want to share important news about the Federal Reserve, or Fed, which controls interest rates in the USA. Right now, the chance that Fed will cut interest rates next month has jumped very high to 81.6%, according to Polymarket, a prediction market.
This news can be good for crypto and economy because when Fed cuts rates, borrowing money becomes cheaper. This usually helps businesses and people to spend more money. When more money is in the market, investors often move some money to crypto like Bitcoin and Ethereum, so prices can go up.
On the other hand, sometimes rate cuts happen because economy is weak or slowing down. This can worry some investors and make market more uncertain. So, it is not always simple good or bad news, but many people in crypto like rate cuts because it can give boost to prices.
For crypto followers, this news means market may become active and prices can rise if Fed cuts rates. But always remember, market can change fast, so be careful and watch updates.
Thank you so much for reading my today post, and Allah Hafiz.