At this moment, the market seems to be focusing all its attention on the presidential election, especially with people hoping that Trump could be the savior of the crypto market. However, it seems that Trump's election prospects are somewhat unfavorable, and Harris has the potential for a comeback. Yet, people are overlooking the question of whether the Federal Reserve will cut interest rates in November. In fact, there are significant uncertainties for the crypto market as well. The "New Federal Reserve News Agency" has made a strong statement: The Federal Reserve is expected to lower interest rates by 25 basis points this week.
Last week, by coordinating with the Federal Reserve to create a sort of preemptive "buzz," the market was successfully led to believe that a 25 basis point cut would turn into a significant 50 basis point reduction in September. The well-known journalist Nick Timiraos, known as the "New Federal Reserve News Agency," has undoubtedly become the focus of the market as the Federal Reserve's interest rate meeting approaches.
However, this time, in his latest weekend column, Nick Timiraos clearly did not throw out any shocking views—he expects Federal Reserve officials to methodically cut rates by 25 basis points at Thursday's meeting.
