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Details 👉 https://www.gate.com/post/status/13217654
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Is Powell ready to cut rates?
Fed Chairman Jerome Powell surprised the markets with his dovish rhetoric.
✏️ In particular, he confirmed a high probability of a rate cut in September ( which is 91% according to CME).
Cryptocurrencies reacted sharply to Powell's statements: BTC gained 3% and ETH rose 7.8% in the last hour.