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

Said on Aug 10, 2024, at 18:46 in the video.

What was said
Coin Bureau

@coinbureau

“meanwhile the Federal Reserve is expected to lower interest rates in September and it's estimated that rates will fall by as much as 50 basis points which would be bullish for crypto”
Watch at 18:46Have 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

that we don't know how long it will be before this Catalyst arrives what doesn't help is the macro Outlook which looks a little murky to say the least you see recently us unemployment levels Rose to 4.3% the result of this is that the 10year treasury yield has dropped by 15 basis points to the lowest percentage level seen since December last year this signals a Slowdown in economic activity and growth as people begin to save their hard-earned cash rather than spend it that is probably bearish for crypto meanwhile the Federal Reserve is expected to lower interest rates in September and it's estimated that rates will fall by as much as 50 basis points which would be bullish for crypto alongside all this there's the ongoing presid itial campaign in the US as former president Donald Trump takes on vice president kamla Harris who seems to have become the new democrat nominee over night since Harris took over the polls have been flip-flopping between her and Trump as the likely winner of the November election at the time of shooting it's Harris who has a slight lead now this means uncertainty something that markets don't like that's simply because while Trump has proven himself to be Pro

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

See all