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Final week, Federal Reverse Chairman Jerome Powell set the crypto neighborhood on fireplace after talking on the annual Jackson Maintain financial symposium. Throughout his speech, Powell had hinted towards doable charge cuts that would occur within the month of September, and since charge cuts have been traditionally bullish for threat property, this shortly triggered a speedy bullish response from the neighborhood. Nonetheless, expectations for a charge lower appear to have dwindled in the previous few weeks, in keeping with the CME Group’s FedWatch device.
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