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🇺🇸 Federal Reserve cuts interest rates by 50bps for the first time in 4 years.
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🇺🇸Donald 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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🇺🇸 Last 2 times the Fed’s first cut was 50+ bps: ▫️Jan 3, 2001 - S&P 500 fell ~39% next 448 days - Unemployment rose another 2.1% - Recession ▫️Sep 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 👉Of course, Powell still affirms that everything is still very good, there is no sign of recession but hastily cut 50 points :))) 👉Gold is likely to continue to increase due to concerns about inflation returning. 👉#Bitcoin in the short term can recover strongly to the $65k-66k range 👉Long-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 🚀 👉Anonymity 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. 👉Arkham has a platform called "Arkham Intel Exchange" powered by smart contracts to provide transparency on blockchain transactions. 👉As an onchain checking platform, why is $ARKM listed in the AI category? Because it uses AI algorithms to link onchain wallet addresses together, collect, process, and analyze onchain data. 👉Some people fear that it will violate personal privacy. But even so, $ARKM still became the last launchpad project on #Binance
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