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Critical FED Interest Rate Decision Expected in Bitcoin Today! What Time Will It Be Announced? Here Are the Expectations and Things to Know!

Author: Content Editor
The Federal Reserve (FED) left interest rates unchanged in July but is expected to announce a decision at its September meeting. Many predict that the FED will cut interest rates, although the extent of the cut is uncertain. Market expectations are leaning towards a 50 basis point cut, but economists have varying estimates. Financial giants like JPMorgan and Goldman Sachs predict a 25 basis point cut. The decision is anticipated to have an impact on various assets including gold, the dollar, oil, Bitcoin, and cryptocurrencies. There are differing opinions on the appropriate rate cut, with factors such as inflation, employment, and economic growth being taken into account. Some believe a smaller rate cut is preferable to avoid potential inflation risks. Crypto hedge fund CEO Joe McCann advocates for a 50 basis point cut, stating that it would benefit risk assets and crypto markets. Three Democratic senators have called for a 75 basis point cut to protect the US economy. FED Chairman Jerome Powell's statements will also be closely watched.

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