This would mean another surge in the stock market and crypto market not in November but the month before. This is because investors price in the market before the news breaks out so if they do decide to cut interest rates another 50 basis points, investors would probably make their move in October and once news gets out they can then cash in on their profits. FED's Goolsbee also said something similar saying lowering interest rates is a "top priority."
In other news:
Bithumb, South Koreas second largest crypto exchange is considering a Nasdaq listing next year with Samsung Securities as the lead underwriter.
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FED's Bostic says he is open to another 50bps interest rate cut in November
By B. Em | Stack of Sticks | 30 Sep 2024
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