Analytics
US Fed Poised To Cut Interest Rates By 0.5%, Bitcoin & Altcoins To Rally?
The US Fed is expected to announce a 50 bps rate cut at their upcoming meeting, following the crucial US Job data this week. According to Citi analysts, the US non-farm payroll data is expected to show 125,000 jobs have been added in August, with the unemployment rate at 4.3%. This data, as per the analysts, could aid the US central bank to move with a softer plan with their policy rate plans in September.
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