๐บ๐ธ Update: The likelihood of the U.S. Federal Reserve lowering interest rates in September rises to 99.8%!
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๐ข What's new?
โ According to the "CME FedWatch" tool, the likelihood of an interest rate cut by the Federal Reserve in its upcoming September meeting has risen to 99.8%.
โ This near certainty comes after the release of recent economic data.
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๐ก Whatโs between the lines?
โ This strong likelihood indicates that financial markets expect the Federal Reserve to face pressure to ease its monetary policy.
โ Recent data on inflation and the labor market may have shown signs of weakness, giving the Federal Reserve justification to act.
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๐ Importance:
โ Lowering interest rates makes borrowing cheaper, potentially stimulating investment and spending in the U.S. economy.
โ For cryptocurrencies, a rate cut is often seen as a positive signal, as it increases market liquidity and boosts interest in higher-risk assets.
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โDo you think this decision will restore confidence in the U.S. economy and revive the crypto market?
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