Coin Bureau: Fed policy rate will fall

Said on Aug 26, 2024, at 7:30 in the video.

What was said
Coin Bureau

@coinbureau

“it looks like 25 bit cut um the meeting the next fed meeting is towards the end of September so most likely to get 25 basis point cut then”
Watch at 7:30Crypto News: Rate Cuts Coming, BTC, Pavel Durov, SOL, Fetch.AI & MORE!
PredictionFed policy ratewill fall
What happened
Not scored

Not scored under the published method.

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
−2%0%2%4%6%202120222023202420252025Said on Aug 26, 2024
−2%0%2%4%6%2021202320242025Said on Aug 26, 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

Not scored under the published method.

What was said around it

they reached you know that they were in a good place I think he was just feeling the bit of the you know a bit of drink drink beforeand with all his other Central Bankers enjoying and relaxing oh guys now I can finally just release and say what I really think you know you done some white water ra that morning felt a bit chilled out it's time guys it's time I've put the charade up for long enough now you guys know we we've managed to land the plane on the soft Landing so you know yeah um okay so so labor market concerns aside it looks like 25 bit cut um the meeting the next fed meeting is towards the end of September so most likely to get 25 basis point cut then 50 B 50 basis points probably not and I would say that crypto's kind of priced that in I mean that that would have been one of the reasons why crypto sort of Pumped over the weekend I think it was I think it was for sure I mean it's all obviously like we said they'll be data dependent there are data points coming out if it is a 50 bip cut well that will be even more bullish for us right you know goes faster and faster okay uh let's move on then let's talk about uh let's talk politics politics oh my God lovely we have to guys

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