🇺🇸 Update: The likelihood of an interest rate cut in September rises to 86.2%!
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📢 What's new?
* The probability of the U.S. Federal Reserve cutting interest rates at the September meeting has risen to 86.2%, according to the CME FedWatch Tool.
* This figure reflects market expectations for the end of the tightening cycle and a shift towards more accommodative policies.
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💡 Why does this matter?
* An interest rate cut is considered a key catalyst for the markets, as it reduces the cost of borrowing and encourages investors to put money into high-yield riskier assets.
* Typically, this move is a positive signal for the cryptocurrency market, as it increases available liquidity and could spark a bullish wave.
* This change in expectations shows that the market is becoming increasingly confident that the Fed will act to support economic growth, which increases risk appetite.
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❓ Do you think this move will give a strong boost to the cryptocurrency market?
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