7d ago in General discussion
The US Federal Reserve
The US Federal Reserve has cut interest rates by 25 basis points as expected, but with a cautious stance. Jerome Powell indicated that only 50 basis points could be cut in 2025 - less than hoped.
The markets react with sharp declines, which also affects Bitcoin and other cryptocurrencies as they are closely linked to the S&P 500. Nevertheless, Bitcoin is more stable than usual and remains above the $100K mark.
This lower correlation with stocks could be a sign of strength if things calm down in the next 1-2 days.
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The US Federal Reserve
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