📢 Today: A big jump in interest rate cut forecasts!
After Jerome Powell's speech, the odds of an interest rate cut by the Federal Reserve at the September meeting rose to 89.2%, according to market monitoring tools.
📉 What does this mean for the markets?
• Potential boost for risk assets such as cryptocurrencies
• Less pressure on bond yields and the US dollar
• Increased chances of a rebound in gold and stocks
👀 The markets are now awaiting any additional confirmation from upcoming inflation data or from the Federal Reserve minutes.
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