Countdown 6 Days Left in Rate Cuts 🚨⚠️
Bitcoin Upcoming Bullish📈Move Expected✅
Recent rate reductions include:
🇪🇺European Union: 0.50% rate drop
🇨🇦 Canada: 0.75% rate decrease
🇬🇧 United Kingdom: 0.25% cut
🇨🇳 China: 0.25% reduction
🇩🇰 Denmark: 0.25% cut
🔍 Inflation News:
The latest U.S. The Consumer Price Index (CPI) report shows inflation cooled to 2.5% in August, the slowest pace since 2021. Core CPI, excluding volatile food and energy prices, edged up by 0.3% for the month.
Despite these promising inflation figures, market reactions were subdued. The Nasdaq saw a slight increase, while the Dow and Russell 2000 recorded small losses. Bitcoin hovered near $57K, slipping by 0.4% after the report, and the broader crypto market fell by 1.2%. Meanwhile, gold dropped 0.4%, with silver gaining 0.57%.
What's on the horizon?
🇺🇸 U.S. Federal Reserve: All eyes are on the Fed, which might be next in line for a rate adjustment!
🔮 JPMorgan's Projection:
In their latest forecast, JPMorgan predicted a potential 1% cut by November. Will the Fed align with this outlook? 📆
Stay Tuned for Quick Signal's 🚦 and Market Updates
