Reserve

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Bitcoin

<ul>
 <li>After the meeting, experts anticipate a 50 bps rate decrease from the Fed.</li>
 <li>The price of Bitcoin has dropped by an astounding 21% in the last 7 days.</li>
</ul>
It has been reported that an emergency meeting has been summoned for today by the United States <a href="https://thenewscrypto.com/federal-reserve-ends-enforcement-actions-against-silvergate-bank/" target="_blank" rel="noopener noreferrer nofollow">Federal Reserve</a>. With worldwide markets in a deep slump, this gathering is to reevaluate interest rates. Moreover, after the meeting, experts anticipate a 50 bps rate decrease from the Fed.
In addition to a 13% decline in the value of the Japanese yen (JPY), markets in Korea and Taiwan have fallen around 10%. In addition, the price of <a href="https://thenewscrypto.com/is-bitcoin-heading-towards-a-drop-below-40k/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> has dropped by an astounding 21% in the last 7 days. S&amp;P futures have fallen 4% at the same time. In light of the current market volatility, the U.S.&nbsp;
<h3 class="wp-block-heading" id="h-alarming-trajectory">Alarming Trajectory</h3>
The Federal Reserve has requested an urgent meeting of its policymakers. As a result of the situation’s alarming trajectory, the Federal Reserve is projected to cut interest rates by 0.5%.
The worldwide panic in the markets seems to have been sparked by the reversal of the cash and carry trade in Japan, which has caused financial chaos. There is now a 100% chance of a rate decrease in September, showing how serious the situation is.
Some respite, according to market observers, might come in the form of a reduction in interest rates. In order to calm the markets, the Federal Reserve has decreased interest rates in the past, most notably during the financial crisis of 2007–2008.
To avoid more economic uncertainty, the Federal Reserve must act swiftly. The seriousness of the present market situation and the need of taking swift action are both highlighted by the emergency meeting. But famous economist and Bitcoin naysayer <a href="https://twitter.com/PeterSchiff?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="noopener noreferrer nofollow">Peter Schiff</a> thinks the US economy would enter a recession if the Fed lowers interest rates.
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U.S Fed Summons Emergency Meeting Amid Global Market Turmoil

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