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đșđž Federal Reserve cuts interest rates by 50bps for the first time in 4 years.
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đșđžDonald Trump made a notable gesture towards the crypto community by paying for burgers with Bitcoin during a visit to PubKey, a Bitcoin-themed bar near New York University While initially greeted by some boos upon arrival, Trump was met with strong applause from Bitcoin enthusiasts and his supporters inside the bar.
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đșđž Last 2 times the Fedâs first cut was 50+ bps: â«ïžJan 3, 2001 - S&P 500 fell ~39% next 448 days - Unemployment rose another 2.1% - Recession â«ïžSep 18, 2007 - S&P 500 fell ~54% next 372 days - Unemployment rose another 5.3% - Recession
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Fed cuts interest rates by 50 points and signals another 200 points cut by 2026 đOf course, Powell still affirms that everything is still very good, there is no sign of recession but hastily cut 50 points :))) đGold is likely to continue to increase due to concerns about inflation returning. đ#Bitcoin in the short term can recover strongly to the $65k-66k range đLong-term forecasts need time to analyze more about the impact of policies and cash flow trends.
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Summary of the FED's Decision in September 2024: The FED cut interest rates by 0.5%, marking the first rate cut since the COVID pandemic in March 2020. - 11 out of 12 FED members supported today's decision to reduce rates. - The median forecast suggests there will be two more rate cuts by the end of 2024, totaling an additional 0.5%. - 8 out of 19 FED officials favor two more cuts this year. - 7 out of 19 officials prefer only one more cut this year. - 2 out of 19 officials want to maintain the current rate. - 1 official advocates for three more cuts this year. - Most agree on further rate cuts in 2025, with four cuts expected, totaling 1%, bringing rates down to around 3.4% by the end of 2025. A further 0.5% cut is projected for 2026. The FED is now "more confident" that inflation is moving toward the 2% target.
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On the path of strong development of the #AI trend, a potential token like $ARKM is indispensable đ đAnonymity and privacy are always prioritized in this era. However, blockchain says no, many technologies have been developed and applied in all walks of life. One of them is Arkham. đArkham has a platform called "Arkham Intel Exchange" powered by smart contracts to provide transparency on blockchain transactions. đAs an onchain checking platform, why is $ARKM listed in the AI ââcategory? Because it uses AI algorithms to link onchain wallet addresses together, collect, process, and analyze onchain data. đSome people fear that it will violate personal privacy. But even so, $ARKM still became the last launchpad project on #Binance
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