US Fed Officials Agree On Rate Cut In September, BTC Options Traders Target $100K

Quick Summary:

US Federal Reserve (Fed) officials are open to interest rate cut in September, pivoting from months of rate hikes and keeping rates stable.

Minneapolis Fed President Neel Kashkari confirms it’s appropriate to discuss Fed rate cuts in September.

However, he sees no reason to lower interest rates larger than 25 bps in a month as layoffs remained low and claims for unemployment benefits did not suggest a notable decline.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: IndiaUnited States

Topics: 24/7 Cryptocurrency News US Federal Reserve Bitcoin News Fed rate cuts Bitcoin (BTC) Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-19 @ 15:18:13 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 378 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 22143458

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