Economists Predict 25 Basis Point Rate Cut by the Fed, Impacting Crypto Markets

The Federal Reserve is anticipated to make a rate cut in December, with economists expecting a 25 basis point reduction. This move could significantly impact crypto markets, potentially boosting investments in Bitcoin and Ethereum as liquidity conditions ease. A Reuters survey on November 12th revealed that 84 out of 105 economists predict this rate reduction. While Chair Jerome Powell acknowledged economic data uncertainty, some members believe a cut is necessary to maintain economic stability.