Fed Chair Powell Announces Two More Rate Cuts This Year
According to BlockBeats, Federal Reserve Chair Jerome Powell said on October 1 that if the economy continues to perform as expected, there will be two more rate cuts this year, totaling 50 basis points.
What does that mean?!?
When Fed Chair Powell talks about rate cuts, the crypto market is already on the alert. Two 50 basis point rate cuts? That's rocket fuel! 🚀 The economy is getting cheaper to borrow, which means the crypto market could be in for another wave of capital inflows. 📈
So, for crypto, this is a signal: get ready for a takeoff, or at least increased volatility. After all, every time money gets cheaper, smart investors look for where to put it, and crypto, especially Bitcoin and Ethereum, could be a top choice. What did you think? 💰
But let's be honest, this does not guarantee mega-growth, low rates are good, but with such a market, who knows what will happen tomorrow. The main thing is to be ready to act and see how the situation develops.
