The upward movement in the crypto market is due to this.
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🚨 Breaking News: Powell Ignites Market Surge with Major Announcement! 🚨
1 Powell’s Bold Statements: 🔸 Jerome #Powell shook the markets today, revealing that the US Federal Reserve is set to lower interest rates! 📉 🔸 His confidence is soaring as he believes **inflation** is on track to hit the 2% target! 🔸 Powell also acknowledged the **labor market** is cooling down from its overheated state. 🔸 The size of the rate cut will depend on incoming data and the economic outlook. The Fed is ready to act!
2⃣ **Market Reactions:** 🚀 **Bitcoin** skyrocketed by over 1%, reaching a new high of **$61,900**! 📈 **Nasdaq** (+1.7%) and **S&P 500** (+1.2%) surged, while **gold** climbed 1%! 📉 **10-year Treasury yield** dropped by 5 basis points to 3.80%. 💥 The **US Dollar index** took a hit, sliding by 0.6%!
3⃣ **Rate Cut Speculation:** 🔍 Will it be **25** or **50 basis points**? Market whispers suggest a 25bps cut, but the odds of a 50bps move just jumped from **24% to 32.5%**!
4⃣ **Eyes on Data:** 📊 All eyes are on the upcoming **August employment** and **inflation reports**—these will be the final pieces of the puzzle for the Fed’s decision.
**Powell’s words have set the stage for a potential game-changing rate cut! The markets are on fire, but the next move depends on the data. Stay tuned for more market-shaking updates!** 🔥
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