🔥🔥🔥 INTEREST RATE CUT
Today, the ECB (European Central Bank) cut the union's main rate by 60 bps to 3.65%. Since the ECB and the US Federal Reserve (the main money houses of the world financial markets) act in concert, there is no doubt that on September 18, 2024, the Fed will also cut the rate by at least 25 bps.
Plus, today the US Continuing Jobless Claims indicator was released, which was 3,000 higher than predicted, which means that the labor market still needs additional incentives.
So rates down ↘️, Crypto up↗️.
