Will There be Other Rates Cuts by the Fed?

On September 18, the US Federal Reserve made a notable move by cutting interest rates by 50 basis points, marking the start of a new easing cycle.

Fed Chair Jerome Powell explained that this decision was based on the economy’s overall strength and a belief that inflation will soon align with the 2% target.

Despite concerns about job market stability, Powell reported no significant increase in unemployment claims or layoffs.

The Fed plans additional cuts, with two more 25-basis-point reductions this year and further decreases in 2025 and 2026.

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Economist Alex Krüger sees this move as a sign of proactive management, with positive implications for both stocks and cryptocurrencies.

Following the announcement, the stock and crypto markets, including Bitcoin, saw gains.

Krüger also noted that Bitcoin’s performance could be influenced by the upcoming US presidential election, advising investors to watch for potential changes based on election outcomes.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.