Will BNB Price Rise Ahead of Changpeng Zhao’s September Rele | MiconCrypto on Binance Square

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Will BNB Price Rise Ahead of Changpeng Zhao’s September Release?
Binance founder CZ's rumored release from prison was confirmed false. BNB price shows a bullish trend, recovering to $578 amid wedge pattern formation.
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Powell’s Assurances Ignite Hope for Cryptocurrencies And Powell's Highlights.. HERE👇👇👇👇👇 Fed Chair Powell has begun making significant statements that hold great importance for cryptocurrencies. Interest rates dropped by 50 basis points and aligned with market expectations. However, many analysts did not anticipate such a sharp start from the Fed. This marks the beginning of a loosening period with a reduction above 25 basis points for the third time in decades. But what do these announcements mean for cryptocurrencies? Key Messages from Fed Chair As this article was prepared, Fed Chair Powell commenced his remarks. While the interest rate decision is crucial, his messages regarding the U.S. economy are equally significant. Members have largely revised down their interest expectations for the upcoming year, reflecting a belief in inflation progressing toward the 2% target, which was conveyed during the interest rate announcement. Powell’s statements are expected to cause fluctuations in cryptocurrencies in the coming hours. Key highlights from his remarks include: Powell began his speech. The economy remains generally strong. The labor market, previously overheated, has begun to cool. Today’s decision reflects growing confidence in preserving the strength of the labor market. Consumer spending continues to show resilience. The Fed can maintain the strength of the labor force through policy adjustments. We expect GDP growth to remain strong. The labor market continues to cool, marking a significant decline from earlier this year. The labor market is not the source of high inflationary pressures. Inflation has significantly decreased but remains above our target. Long-term inflation expectations appear well anchored. Follow Us Like Share Comment Repost

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The Fed’s Bold Move Sparks Hope for Investors The much-anticipated interest rate decision by the Federal Reserve has been revealed, capturing the attention of cryptocurrency investors for weeks. While the rate itself is significant, the messages conveyed by the Fed are even more critical. It’s time to take action, hold your breath, and delve into the details of this recent development. Fed Interest Rate Decision Announced The expected decision has arrived. Historical data showcases numerous instances where market prices have dipped following the initiation of rate cuts. If you are curious about how to interpret today’s events in light of past years. The interest rate decision announced a 50bp cut. Fed officials’ median outlook for the Fed Funds rate by the end of 2024 is 4.4% (previously 5.1%). The median rate outlook for the end of 2025 is 3.4% (previously 4.1%). Fed officials project a 2.9% rate for the end of 2026 (previously 3.1%). Fed: The FOMC has gained further confidence that inflation will progress sustainably towards 2%, assessing risks to employment while balancing inflation targets. The median outlook for the Fed rate by the end of 2027 is 2.9%. Fed: We will carefully assess incoming data, evolving outlooks, and risk balances when considering additional rate adjustments. Fed policymakers predict that the current unemployment rate of 4.2% will rise to 4.4% by the end of 2024 and 2025. Fed policymakers see GDP growth at 2% for 2024, down from 2.1% in June.... Follow Us Like Share Comment Repost

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🇺🇸 US Federal Reserve cuts interest rates by 50bps. This is the first interest rate cut in 4 year... US Fed Cuts Interest Rate By 0.50%, Will It Spark A Crypto Rally.. Follow Us Like Share Comment Repost

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MicroStrategy increases capital raise by $175M They also have the option to raise an additional $135M in the next two weeks for more #Bitcoin purchases. Follow Us Like Share Comment

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