Coin Bureau, relaying another source: Fed policy rate will fall

Said on Aug 10, 2024, at 14:48 in the video.

What was said
Coin Bureau

@coinbureau

“the range also includes the expectations that the Federal Reserve will cut interest rates in September as well as an increase in usdc expenses to help Drive its Global adoption as the most compliant stable coin”
Watch at 14:48Have You Seen This?! What Coinbase Earnings Mean For Crypto!
PredictionFed policy ratewill fall
What happened
Relayed

Somebody else's forecast — not scored

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
−2%0%2%4%6%202120222023202420252025Said on Aug 10, 2024
−2%0%2%4%6%2021202320242025Said on Aug 10, 2024

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked

Somebody else's forecast — not scored

What was said around it

$210 million as the company looks to increase its reach through advertising mainly online there are also a few predictions given for some revenue streams one of these is transaction Revenue which coinbase expects to be around $210 million they also predict that revenue from subscriptions and services will be in the ballpark of $530 to $600 million the shareholder letter highlights that this range reflects modest headwinds for the crypto Market which some would say is a bit of an understatement the range also includes the expectations that the Federal Reserve will cut interest rates in September as well as an increase in usdc expenses to help Drive its Global adoption as the most compliant stable coin in case you weren't aware usdc is the first stable coin to be compliant with the eu's Micah bill which puts major restrictions on the use of stable coins in the European Union on that note coinbase also highlights that crypto has become a bipartisan issue in the US saying that quote there is real energy within both the house and the Senate to pass meaningful legislation coinbase has also said that it will continue to donate money to policy and will continue to support stand withth crypto.com

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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