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.
XRP-2.54%
OKB-11.73%
SOL-3.93%
ETH-2.67%
BTC-3.22%
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