Bitcoin: U.S inflation holds steady, but will rising Fed rate cut odds help BTC?

2024-8-31 13:00

U. S inflation was steady in July, raising Fed rate cut odds However, BTC's price remained subdued and could stay range-bound U. S inflation continues to be steady, reinforcing market expectatThe post Bitcoin: U.

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Bitcoin holds steady as Fed chair Powell hints at rate cuts in September, says no plans for CBDC

Federal Reserve Chair Jerome Powell suggested on Wednesday that the central bank might reduce interest rates at its upcoming September meeting if the current trend of easing inflation continues. This announcement comes as recent data indicates a decline in inflation closer to the Fed’s 2% target, while unemployment has risen slightly above 4%.

2024-8-1 22:31