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.
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.
Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a bold prediction on silver, calling it the “best asymmetric buy” currently available.
Fresh data on Personal Consumption Expenditures (PCE) — the Federal Reserve’s preferred inflation gauge — shows inflation ticked higher in May, potentially delaying the long-awaited Fed rate cut into September or later.
Federal Reserve Chair Jerome Powell is once again under fire, this time facing renewed criticism from Donald Trump over the Fed’s decision to hold interest rates steady in June.
Billionaire investor Ray Dalio has sounded the alarm over America’s soaring national debt, warning of a looming economic crisis if no action is taken.