#US_Job_Market_Slowdown

Federal Reserve leaves interest rates unchanged, remains at 5.50%. For the 8th time

There are high hopes for rate cuts in September.

Inflation has eased from past 2 years and continues to, which is a good sign towards FED 2% inflation goal (currently inflation is at 3%)

Fed is slowly gaining confidence on inflation and labour market and totality of the data.

which means we are heading towards a positive side and if Fed is confidencet enough there will be rate cuts in September.

IF you are wondering WHY these are important for CRYPTO.

These interest rates play a role in crypto market because;

- If interest rates are low, big investors can borrow money for cheap to invest in crypto

- over all market sentiment becomes good, and investors gain confidence.