Urgent: 🚨🚨 The U.S. Federal Reserve announced that Bostic (a Federal Reserve member) has stated that he is ready to consider a 50 basis point rate cut in November. ▫️ The Federal Reserve may reduce interest rates by 0.5% in November. A rate cut usually indicates an easing of financial conditions, which can lead to increased demand for riskier assets such as stocks and cryptocurrencies. In the crypto market, this action could result in price increases and attract investors, as lower interest rates reduce the cost of holding cash and boost the desire to invest in higher-yielding assets. This is not financial advice ⚠️❕
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