Fed chair Jerome Powell recently delivered remarks with implications for markets
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"At the same time, in light of the progress made both in lowering inflation and in cooling the labor market over the past two years, elevated inflation is not the only risk we face,"Markets expect the Fed to start decreasing rates in September, followed by another quarter percentage point decrease by the end of the year. During their June meeting, FOMC members signaled only one cut.
Fluctuating expectations for cuts in U.S. interest rates had lessened demand for riskier assets in recent weeks, with Bitcoin falling to lows last seen in February.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.
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