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

The window it was checked over

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.

What was said around it

ignore the current   market turbulence. Crypto experienced a sharp  pullback starting in late July, aligning closely   with broader financial markets like the S&P 500,  which of course sent investor sentiment plunging.   But if we zoom out, July was actually a strong  month overall with BTC gaining around 10%,   ETH surging an impressive 55% and even smaller  cap altcoins seeing significant increases in some   cases. This strong performance sets the stage  for potential upside once the market shakes off   the current correction. On the macro front, the  Fed is expected to cut interest rates by 25 basis   points in September, potentially giving markets  an extra boost. But even if that doesn't happen,   crypto markets don't necessarily need rate  cuts or a return to quantitative easing or   QE in order to rally. For instance, back in 2017  during one of crypto's most explosive rallies,   especially in altcoins, the Fed was actively  raising interest rates and pursuing quantitative   tightening. Yet crypto still managed to surge  significantly. We saw the same in early 2024 when   Fed rates were at multi-deade highs and QT was in  full force. So clearly there's more to the macro.   As far

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