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Bitcoin could take off as Fed Chair Powell signals more rate cuts – TON BOT

Bitcoin could take off as Fed Chair Powell signals more rate cuts

Federal Reserve Chair Jerome Powell indicated that more rate cuts are likely due to a softening labor market. The Fed is expected to continue with rate cuts as the labor market shows signs of concern, despite inflation remaining within the 2% target. Bitcoin fell 3% before Powell’s speech, indicating the impact of Fed policy on crypto market prices.


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