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Bitcoin Taps $61,000 As Federal Reserve Slashes Interest Rates for First Time in Four Years

Bitcoin Taps ,000 As Federal Reserve Slashes Interest Rates for First Time in Four Years

The Federal Reserve just cut interest rates for the first time since March of 2020, fueling volatility in global markets. The move marks the central bank’s shift from fighting inflation to responding to signs of economic slowdown, weakness in the jobs market and other risks to growth. The move triggered major swings for the Dow […]

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Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction

Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger ReductionOn Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal Reserve to cut the federal funds rate by 25 basis points (bps) on Sept. 18. The U.S. federal funds rate is currently at 5.25%-5.50%, which […]

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ECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight Inflation

ECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight InflationThe European Central Bank (ECB) decided to hike three of its key interest rates by 50 basis points (0.5%) as part of its ongoing war against inflation. The organization stated that further increases are likely to happen “because inflation remains far too high and is projected to stay above the target for too long.” ECB […]

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British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike

British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate HikeThe world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time, the pound tapped 1.0327 nominal U.S. dollars per unit, but rebounded against the greenback to 1.0775 by 11 a.m. Monday morning. Pound Sinks Against Greenback […]

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