Fed Rate Cut: Why There Could Be Another 25 Bps Cut This Year?

Quick Summary:

Federal Reserve officials are preparing for the second Fed rate cut next week, in response to a steady decline in the inflationary pressures that previously contributed to widespread frustration among Americans and factored into Donald Trump’s presidential win.

When Treasury yields peaked in October, the hopes rose for a way to lesser rates, setting the stage for a rally in Bitcoin.

As interest rates rise, riskier assets like Bitcoin become less appealing to investors.

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Article Details

Author / Journalist: Teuta Franjkovic

Category: Crypto

Markets: IndiaUnited States

Topics: Interest Rates Fed rate cut Donald trump 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 19:18:04 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 694 words

Reading Time: 4 minutes read

Sentences: 52 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23482707

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 32 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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