European Central Bank Braces For Two More Rate Cuts, Is US Fed Next?
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The European Central Bank is potentially moving forward with two more rate cuts this year after the 25 bps reduction in June. The U.S. Fed may mirror the move amid cooling job data.
Highlights
The European Central Bank is expected to cut interest rates two more times this year.
The U.S. Fed is expected to mirror the move in September.
In case of global rate cuts, the crypto industry may see a boost.
The European Central Bank (ECB) is preparing for two more rate cuts, as revealed by ECB policymaker Yannis Stournaras. Hence, netizens are speculating whether the U.S. Federal Reserve would mirror a similar move in September.
