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Trump is urging the Federal Reserve to cut interest rates immediately — could cryptocurrencies be the biggest beneficiaries?
Former U.S. President Donald Trump has once again shaken up the macroeconomic table — this time criticizing the Federal Reserve for its reluctance to cut interest rates. In a recent post on Truth Social, Trump pointed out that Europe has already implemented 10 rate cuts while the U.S. remains behind. "There is no inflation anymore," Trump wrote, noting that the Federal Reserve has no good reason for the delay. "And if inflation returns, the Federal Reserve can simply raise rates again."
Trump argues that the United States is currently paying too much on borrowing costs, which harms growth and competitiveness. His public push comes ahead of the next Federal Reserve policy meeting on June 18, where analysts overwhelmingly expect no changes to the current interest rate of 4.25% to 4.50%.
According to the CME Group's FedWatch tool:
97.5% of traders believe the Federal Reserve will remain steady in June. However, more than 51% now expect a 25 basis point cut by mid-September. 🚨 But what happens if the Federal Reserve cuts rates earlier than expected?
According to CMC Markets analyst Carlo Brocchino, the cryptocurrency market may be the first to respond:
"If the Federal Reserve changes its policy early, expect Bitcoin and some altcoins to react quickly first." With falling inflation and increasing political pressure, a faster pace of rate cuts could lead to a drastic change in risk appetite — especially in the cryptocurrency sector, where liquidity is king.
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