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

Table of Contents

Coingape News Media

Άλλα άρθρα που δημοσιεύτηκαν στις 29 Ιουλ 2024

LH Telecoms acquires 95.5% stake in 9mobile, appoints new board, CEO

Bitcoin Started the New Week with an Rising Rise! What is the reason for the rise? Here is the la...

Vitalik Buterin Refutes Centralization Claims in Ethereum Debate

Justin Sun Urges China To Reconsider Crypto Policies As Donald Trump Promises Bitcoin Stockpile

Apple releases first version of Apple Intelligence for developers

Bitcoin’s Remarkable Rally: Approaches New Heights as Trump Champions Crypto

Join our free newsletter for daily crypto updates!