The Federal Reserve (FED) has started a rate cutting cycle in an attempt to combat high inflation, which is still above the FED's 2% target. The FED has already made two interest rate cuts and there is a high probability that another rate cut will occur in December. The global markets are uncertain due to ongoing inflation concerns and the potential impact of protectionist policies. The market is eagerly awaiting FED Chairman Jerome Powell's statement on the economic outlook, which is expected to provide important clues about future monetary policy and the FED's strategies to address inflation. Powell's speech is also expected to impact Bitcoin and cryptocurrency prices. Other FED officials, such as Neel Kashkari and Alberto Musalem, have made statements regarding inflation and the need for continued rate cuts.



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