{"id":134927,"date":"2024-08-05T13:07:05","date_gmt":"2024-08-05T10:07:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134927"},"modified":"2024-08-05T13:07:05","modified_gmt":"2024-08-05T10:07:05","slug":"fed-allegedly-calls-emergency-meeting-amid-global-market-turmoil","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/fed-allegedly-calls-emergency-meeting-amid-global-market-turmoil\/","title":{"rendered":"Fed Allegedly Calls Emergency Meeting Amid Global Market Turmoil"},"content":{"rendered":"
Analysts predict the Fed might cut interest rates by 50 basis points to stabilize the situation.<\/p>\n
Global markets are in turmoil, with the Japanese yen falling 13%, Korean and Taiwanese markets down nearly 10%, and Bitcoin<\/a> <\/strong>plunging around 25% from its recent $70K peak. Additionally, S&P futures have decreased by 4%. This instability has prompted the U.S. Fed to hold an urgent meeting.<\/p>\n Economists are concerned, expecting the Federal Reserve to reduce interest rates by 0.5% to mitigate further economic fallout. CNBC\u2019s Ran Neuner highlighted the critical nature of the situation, suggesting swift Fed action is necessary to prevent a crisis comparable to or worse than 2008.<\/p>\n