Bitcоin

Jerome Powell Optimistic On Cooling US Inflation, Bitcoin Rally Imminent?

01.10.2024

The US Federal Reserve Chair Jerome Powell has maintained a dovish stance on being able to bring inflation down to their target of 2%. While speaking at the 66th NABE annual meeting, Powell also hinted that any more potential rate cuts this year would be based on the incoming inflation data. This development is significant considering how much the Fed’s quantitative easing (QE) measures will affect the Bitcoin price.

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01.10.2024
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