Reserve

Donald Trump

Chair

Former Federal Reserve Vice Chair Roger W. Ferguson has projected US Fed rate cuts in September as market anticipation grows. Investors have hinted at a similar date following slowing inflation and consumer prices. Interest rate cuts will impact Bitcoin and other crypto assets as funds flow to risky assets.&nbsp;
<h2 id="strong-roger-ferguson-projects-us-fed-rate-cuts-strong">Roger Ferguson Projects US Fed Rate Cuts&nbsp;</h2>
The former <a href="https://coingape.com/us-fed-rate-cut-on-radar-will-bitcoin-btc-breakout-in-august/" target="_blank" rel="noopener noreferrer nofollow">Federal Reserve</a> Vice Chair has hinted that the first US Fed cut will come in September. This is due to the improved macro sentiment in the market. In a recent CNBC interview, Roger Ferguson noted that the cut comes in September before the elections as the market prices in.&nbsp;
Responding to questions on a possible delay, he pointed to an unlikely situation adding a series of very strong reports could change the Fed’s direction although unlikely based on previous data.
“Count me in the camp that September is likely the first… The upcoming Labor data at the end of the week, there’s at least the more inflation report, the date mounting up on balance that they should probably cut. We see inflation itself stable or coming down, good prices which were an important part of this, good prices has been moving in the right direction. We’ve also seen weakness in consumers, consumer sentiment numbers From Michigan were relatively weak…”&nbsp;
Previously the US Fed has gone against market predictions on rate cuts but Armstrong said that this is quite clear because of certain reasons. Firstly, the commentary has been consistent in recent months. Secondly, the economy shows signs of slowing alongside consumer sentiment and inflation numbers.
Read Also: <a href="https://coingape.com/compound-finance-hack-unlikely-on-curve-finance-says-founder/" target="_blank" rel="noopener noreferrer nofollow">Compound Finance Hack Unlikely on Curve Finance, Says Founder</a>&nbsp;
<h2 id="span-style-font-weight-400-strong-impact-of-bitcoin-and-crypto-strong-span">Impact of Bitcoin and Crypto&nbsp;</h2>
The US Fed decision on internet rate cuts has an impact on Bitcoin and other risky assets. This year, digital and traditional finance investors have pointed to September cuts with another in November. As inflation slows, imminent rate cuts could be the next major market driver ahead of the <a href="https://coingape.com/biden-proposes-sc-reform-to-challenge-donald-trump-immunity-ruling/" target="_blank" rel="noopener noreferrer nofollow">U.S. elections</a>.&nbsp; The decision to lower interest rates will attract funds to risky assets which is anticipated by crypto investors and holders.
Also Read: <a href="https://coingape.com/biden-proposes-sc-reform-to-challenge-donald-trump-immunity-ruling/" target="_blank" rel="noopener noreferrer nofollow">Biden’s Proposed SC Reform Takes Aim At Donald Trump Immunity Ruling</a>
The post <a href="https://coingape.com/us-fed-set-for-first-interest-rate-cut-says-ex-fed-roger-ferguson/" rel="noopener noreferrer nofollow">US Fed Set For First Interest Rate Cut, Says Ex-Fed Roger Ferguson</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

US Fed Set For First Interest Rate Cut, Says Ex-Fed Roger Ferguson

Inhaltsverzeichnis

Coingape News Media

Weitere Artikel, die am 29. Juli 2024 veröffentlicht wurden

Bitrue Research: Analyzing the Lifeblood of Solana

University of Wyoming to Launch Bitcoin Research Institute in August

100x WadzPay (WTK) Price Pump Potential is Highly Possible, Financial Expert Explains Why WTK 100...

Trading volumes flow to top 3 assets as Solana (SOL) heads above $190

Neiro Meme Coin Developer Makes $2.85m Profit After Apparent Rug Pull

Hong Kong Prepares to Integrate Bitcoin into Financial Reserves

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!