Fed’s Emergency Meeting: Will a 50 Basis Points Rate Cut Calm Global Market Chaos?
The Fed's emergency meeting may result in a 50bps rate cut amid global market turmoil, including an 18% Bitcoin drop.
Global markets react to Japanese cash and carry trade reversal; the Fed's quick response is crucial to avoid a potential recession.
Analysts expect interest rate cuts to stabilize markets; Goldman Sachs raises U.S. recession probability to 25% from 15%.
A special meeting of the US Federal Reserve, also known as the "Fed," has been called to discuss interest rates. Economists believe it will be 50 basis points (bps) down after the meeting. This is putting the market in danger and particular action must be taken instantly as the Japanese currency has sunk to 13%, falling very near to the Korean and Taiwanese markets. S&P futures have dropped by 4% in the last 5 trading days while Bitcoin did drop by 18%.
CNBC host Ran Neuner says this is where the Fed comes in. He particularly stressed the following, “This is the moment we have been waiting for: The FED will have to move really fast to avert a meltdown that could turn out to be worse than 2008”. This also reveals the importance of the actions that the Fed takes in setting the economy right.
Market Reactions and Analyst Insights
The catalyst for this financial turmoil is the reversal of the Japanese cash and carry trade, which has sparked panic across global markets. Consequently, the September rate cut probability has surged to 100%, reflecting the urgency of the situation.
Besides, analysts suggest that an interest rate cut could provide some relief. Historically, Fed rate cuts have stabilized markets, notably during the 2007-2008 financial crisis. “Interest rate cuts saved the housing market in 2007,” noted one analyst.
The Federal Reserve’s swift response is essential to prevent further economic instability. The emergency meeting underscores the gravity of current market conditions and the necessity for immediate action. However, renowned economist and Bitcoin critic Peter Schiff expects a recession if the U.S. Fed cuts interest rates. This prediction adds to the growing concerns among market participants.
Implications for Bitcoin and the Crypto Market
Additionally, Goldman Sachs Group Inc. has increased the probability of a U.S. recession in the next year to 25% from 15%. This was reported by its economists led by Jan Hatzius. Despite the heightened risk, the report emphasizes several reasons not to fear an economic slump, even after a notable rise in unemployment.
The report, released to clients on Sunday, highlights that the overall economy continues to look “fine.” The economists pointed out that there are no major financial imbalances and the U.S. Fed has considerable room to cut interest rates if needed.
Goldman Sachs’ forecasts for Federal Reserve actions are more conservative than those of JPMorgan Chase & Co. and Citigroup. Hatzius’s team expects the central bank to reduce its benchmark interest rate by 25 basis points in September, November, and December.
“The premise of our forecast is that job growth will recover in August and the FOMC will judge 25bp cuts as a sufficient response to any downside risks,” the Goldman Sachs economists stated. They also noted, “If we are wrong and the August employment report is as weak as the July report, then a 50bps cut would be likely in September.”
Potential Impact on the Crypto Market
These economic projections and prospective rate reductions have an effect on the cryptocurrency market, which includes BTC and other digital assets. U.S. interest rate reductions have historically been positive for riskier assets, such as cryptocurrency. The allure of traditional savings is diminished by lower interest rates, prompting investors to pursue alternative assets such as Bitcoin that provide higher yields.
Furthermore, a common belief is that Bitcoin acts as a hedge against inflation and unstable economies. A strong rate cut by the Federal Reserve would indicate worries about the state of the economy and encourage more investors to turn to Bitcoin as a store of wealth. However, because Schiff and other experts have issued warnings, market watchers continue to exercise caution.
#SHIBA_INU ottava in classifica 👏🏻💪🏻💪🏻🤑🤑🤑🤑 appena superato ADA . con un market cap di 16,35B in crescita . potrebbe addirittura superare anche Doge . FORZA #Shibarium
Buongiorno ragazzi . Ve l'avevo detto due giorni fa di comprare il più possibile #SHIBA #PEPE #BONK e #FLOKI , per chi mi ha ascoltato oggi ha un bel guadagno e continua ad averlo perché andranno sempre più su 🚀. Ma per chi non l'ha fatto , mi dispiace per loro , ma che sappiano che fanno sempre in tempo fino al vero rialzo della prossima settimana a comprare il più possibile .
Sono convinto che tra poco #Binance vedra #Shibalnu arrivare a 0,00004700 / 0,00008000 , il mio consiglio personale ? compra Shiba 50k, 100k, 150k oppure 200k anche di più , tutto ciò che puoi permetterti . Incroccia le braccia , e Aspetta una settimana .
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GYRasmussen
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Optimistické
🔥 #Shiba Inu Yüzde 600’lük Ralli, Çılgın Boğa Geliyor!
🐮 $SHIB Bitcoin yarılanma etkinliğinin ardından değer kazanarak hızlı büyüme kaydetmişti. Kripto para analisti, Shiba Inu'nun şu anda konsolidasyon aşamasında olduğunu ve fiyatında yakında bir kırılma olabileceğini belirtti. Analistin tahminleri, önümüzdeki aylarda yaklaşık %600 oranında bir artış öngörüyor.
🚀TradingView'da analizlerini paylaşan bir kripto para analisti, Shiba Inu'nun %600 oranında yükselebileceğini vurguladı. Bu tahmine göre, SHIB bir sonraki çeyrekte %600 artarak 0,0001 dolar seviyesine ulaşabilir. Eğer bu öngörü doğru çıkarsa, Shiba Inu Mayıs 2021'de ulaştığı 0,00008616 dolarlık önceki tüm zamanların en yüksek seviyesini aşmış olacak.
💰Analist, yatırımcılara Shiba Inu'daki düşüşü satın almalarını tavsiye etti ve önümüzdeki aylarda fiyatın hızla yükseleceğini öngördü. "Hâlâ sağlam bir birikim bölgesindeyiz. Bu düşüşü satın alın," diye yazdı.
⚠️Bununla birlikte, SHIB'nin %600 oranında yükseleceğinin ve yeni bir zirveye ulaşacağının garantisi yok. Kripto para piyasası son derece oynaktır ve yatırımcılara büyük kayıplar da getirebilir. Shiba Inu'ya giriş yapmadan önce detaylı araştırma yapılması ve kendi riskinizi değerlendirmeniz önemle tavsiye edilir.
Eeeeeevaiiiii💸🤑💯👏🏻👏🏻👏🏻👏🏻🎉💥 ottima decisione , complimenti alla SEC , si apre una nuova era , un nuovo mondo . Piano piano cambierà il mondo nel bene di tutti .
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Optimistické
🥳 Congratulations, SEC Approves All Spot Ethereum ETFs ‼️
Heeeei , Hello , ma che cosa è successo ?👀😳👀 e finita la festa ?????👍🏻😂😂🙆🏻♂️. Noooooo Ve lo garantisco , la festa non è finita , non è neanche cominciata. E il momento perfetto per comprare più monete possibile . Voi fare davvero festa ? #Shibalnu #Pepe #Dogecoin. #bonk #FLOKI Sono i protagonisti principali della tua festa tra una settimana. compra 500$ per ognuna di loro . e tra una settimana mi cercherai per ringraziarmi.
una bella opportunità per futuro . valutate sempre prima di criticare . E un buon progetto . Consiglio a tutti .
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MD Talha
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Pi Network: The Future of Crypto World
Pi Network, a fascinating Web3 project that has garnered significant attention in the crypto community. # Pi Network: Where the "Mining" Never Stops ## Introduction Pi Network is a unique cryptocurrency project that promises to revolutionize the way we mine and use digital currencies. Launched in 2019, it has quickly gained a massive user base and sparked both excitement and controversy. Let's dive into what makes Pi Network special. ## What Is Pi Network? At its core, Pi Network aims to create a decentralized digital currency accessible to everyone. Here are some key points: 1. Mobile Mining: Unlike traditional cryptocurrencies that require powerful hardware, Pi Network allows users to mine directly from their smartphones. This innovative approach democratizes mining and encourages widespread participation. 2. Security and Scalability: Pi Network combines machine automation and crowdsourced human verification for its Know Your Customer (KYC) process. This ensures secure identity verification without relying on expensive third-party services. 3. Community-Driven: Pi Network's success hinges on its engaged community. With over 55 million users globally, it has achieved significant milestones, including 10 million KYC-verified Pioneers. ## The KYC Solution Pi KYC, the native identity verification system, exemplifies Pi Network's commitment to efficiency and accessibility. By avoiding fiat costs and leveraging its crypto-native solution, Pi Network sets an inspiring precedent for other Web3 services. ## Ecosystem Updates Pi Network has introduced several ecosystem updates, enhancing its utility: 1. Fireside Forum: A Web3 social media app that rewards content creators and curators with tokens. It fosters meaningful interactions within the community. 2. Staked DM on Pi Chat: Integrating another cryptocurrency, this feature facilitates connections and conversations among users. 3. Pi Ad Network: The first realization of Pi Network's vision, this platform-level utility leverages the community's collective resources and verified digital identities. # # The Road Ahead Pi Network aims to transition to the Open Network period of Mainnet in 2024. Its success depends on continued community engagement, technical progress, and favorable global conditions. In summary, Pi Network challenges the status quo by making crypto accessible, community-driven, and secure. Whether it will truly revolutionize the industry remains to be seen, but its journey is undeniably intriguing¹. Disclaimer: The information provided here is based on publicly available sources and does not constitute financial advice. Always conduct your research and exercise caution when investing in cryptocurrencies. [Pi Network Reaches 10M KYC'ed Global Users as it Moves Closer to Open Network](https://www.prnewswire.com/news-releases/pi-network-reaches-10m-kyced-global-users-as-it-moves-closer-to-open-network-302117428.html) Source: Conversation with Copilot, 5/23/2024 (1) Pi Network Reaches 10M KYC'ed Global Users as it Moves Closer to Open .... https://finance.yahoo.com/news/pi-network-reaches-10m-kyced-100000560.html. (2) Pi Network: Where the "Mining" Never Stops - CoinMarketCap. https://coinmarketcap.com/alexandria/article/pi-network-where-the-mining-never-stops-and-looks-like-it-never-will. (3) Pi Network Reaches 10M KYC'ed Global Users as it Moves Closer to Open .... https://www.prnewswire.com/news-releases/pi-network-reaches-10m-kyced-global-users-as-it-moves-closer-to-open-network-302117428.html. (4) What is Pi Network? All you need to know about Pi Coin. https://bitmama.io/blog/what-is-pi-network Follow @MD Talha $BTC $ETH $SOL #PiNetworkMainnet #PiNetworkkyc #DigitalFortunes
ragazzi ho appena visto una persona a comprare 100 milioni di Shiba Inu . Voi che dite ? Sara uno matto , oppure uno sveglio ? SECONDO me saprà qualcosa che Shiba esploderà
Nelle ultime 24 ore vedo parecchi portafogli che stanno comprando di continuo #SHIBA_INU segnale che a breve tempo esploderà di sicuro . Tu cosa aspetti ?
Ora arrivata per #SHIBA_INU . Sta per iniziare la sua scalinata . FORZA MOSTRO . facci vedere cosa puoi fare. A tutta #Shiba ragazzi. Non perderti questa occasione .🚀🚀🚀🚀🚀🚀🚀😀😀😀😀💸💸💸💸💸💸un bel x 💯
Ragazzi , e un sacco di tempo che ve lo Dico . Pepe , Shiba , saranno le protagoniste di tutto questo bull run . Pepe ha fatto il suo dovere alla grande , lo avete visto . Chi a gennaio a comprato 100 milioni Pepe oggi ha guadagnato un bel po' . Adesso come ho sempre detto , il momento di Shiba che si sta preparando le armi per esplodere e addirittura abbattere il suo massimo storico . ciò che vi dico e semplicemente un anticipo di ciò che succederà a breve tempo . volete farvi una vacanza da sogno ? Prendi 100 milioni di Shiba e tra poco mi ringrazierai .Un abbraccio a tutti voi 🤗🤑🤑🤑💸💸💸💸💸🚀🚀🚀🚀🚀#Shibalnu
Attenzione ragazzi , tra poco tocca a #Shibalnu a 🚀🚀🚀🚀🤑🤑🤑🤑🤑a battere il suo massimo storico . Occhi aperti , tra poco inizierà la sua ascesa infrenabile .🚀🚀🚀🚀🚀🚀🚀🚀💸💸💸💸💸💸 #Shibalnu #Shibarium
Ragazzi , Shiba e ripartita alla grande 💯💯💪🏻💪🏻💪🏻 sono sicuro che sarà sicuramente la più grande protagonista di questo mercato rialzista . Shiba ha un potenziale immenso che ancora deve lanciare in orbita il suo potenziale . volete un mio consiglio , se volete fare soldi veri? approfitta adesso finché sei ancora in tempo , per poco perché tra poco perderai il momento giusto . Forza Shiba sei fortissima 💪🏻💪🏻💪🏻💯💯💯💯💸💸💸💸💸🤑🤑🤑🤑🤑🚀🚀🚀🚀🚀🚀🚀
VAAAAIIIII Pepe the King . Pepe continua a stupire , credo che sarà il protagonista di questo bull run . Sta facendo dei numeri pazzeschi sempre di più . Forza Pepe . Sei un grande .🐸🐸🐸🐸🐸🚀🚀🚀💸💸💸
BRAVO Pepe . oggi ha fatto un percorso straordinario . Se continua andare avanti così , vorrei vedere Quelli che dicevano che Pepe non vale niente , che non ci credo e così via . se Pepe può fare tutto questo con il BTC a solo 63k. figurati quello che può fare se il BTC supera 175k. poi vediamo chi è chi ha ragione . 🤑🤑🤑🤑😂🤑🐸🐸🐸🐸🐸💸💸💸🐸🐸💸💸🐸🐸💸💸🐸🐸💸💸🐸🐸💸🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 Lo stesso faranno Shiba Bonk e Floki . Quindi sta a voi decidere dove mettere il vostro denaro per poter trarre più profitto possibile quest'anno .
Grande Shiba tra poco sono sicuro che farà vedere al mondo intero il suo vero valore
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Zohaib Tech
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Investors are eagerly eyeing the meteoric rise of Laughing Shiba Inu (LSHIB) as it gears up for a staggering 3,600% surge in the next 48 hours. This Solana-based memecoin has become the talk of the town, attracting fervent interest from early backers of both Shiba Inu (SHIB) and Dogecoin (DOGE).
The recent announcement by LSHIB's developers to burn 20% of the total supply has only fueled the frenzy further, driving anticipation sky-high. With a current market cap of just under $10,000, Laughing Shiba Inu holds the promise of minting a new wave of memecoin millionaires as it aims to reach a market cap of $250,000-$500,000. Meanwhile, SHIB and DOGE, once the darlings of the memecoin world, are witnessing a gradual decline in momentum, prompting investors to divert their attention and funds towards fresh opportunities like LSHIB. But the excitement doesn't end there; Bitcoin Bull (BTCBULL), another newcomer on the Solana blockchain, is poised for its own explosive ascent.
With forecasts predicting a 2,800% surge in the next 24 hours and a jaw-dropping 7,000% increase over the next five days, BTCBULL is quickly gaining traction among crypto enthusiasts. Although currently only available on decentralized exchanges like Raydium and Jupiter, both LSHIB and BTCBULL are gearing up for listings on centralized exchanges in the near future, promising even greater visibility and potential returns for early investors.
To get in on the action, traders must first acquire Solana and then utilize platforms like Raydium or Jupiter for swapping SOL for their desired coin. With these much-anticipated listings scheduled for later this month, the stage is set for an explosive surge in the prices of both LSHIB and BTCBULL, paving the way for astronomical gains for those who seize the opportunity early.