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

argue that tether getting things sorted with us authorities is extremely bullish that's because because it further increases the chances of a spot Bitcoin ETF being approved by the SEC on that note another bullish Catalyst that's been brewing for the crypto Market is the idea of the FED finally lowering interest rates that's because lowering interest rates will mean more people will borrow money which will increase the money supply which will eventually pump asset prices including crypto although the FED hasn't started cutting interest rates just yet its updated projections called The Dot Plot forecast at least three rate Cuts next year as most of you will know investors are forward-looking which means that the markets react today to stuff that investors believe will happen in the future in this case rate Cuts this is why some stock indices such as the Dow Jones hit their all-time highs shortly after the FED revealed its updated interest rate projections it looks like the other indices will soon follow suit as will many individual stocks the charts suggest that we could actually be on the brink of a huge melt up as you can see the S&P 500 appears to have painted a massive cup and handle

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