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Odds of 50 Basis Point Fed Rate Cut Next Week Jump to 45%

Author: Content Editor
The U.S. Federal Reserve's decision on the size of the rate cut is still up for debate, according to a Wall Street Journal report. While a 25 basis point cut was previously expected, sources suggest that a 50 basis point cut is a close call. The chances of a 50 basis point cut have increased to over 40% and the news has also contributed to an uptick in the U.S. stock market and the price of Bitcoin. However, some analysts believe that if the Fed's rate cut signals concern about the struggling economy, it could push Bitcoin prices lower.

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