Economists Predict 25bp Fed Rate Cut, Impacting Markets

Economists anticipate a 25 basis point (bp) cut in interest rates by the Federal Reserve in September, with further reductions expected by year-end due to weak labor and inflation data. This prediction has implications for both financial markets and cryptocurrencies. Economic indicators suggest favorable conditions for risk asset inflows and the anticipation of this rate change is driving increased activity in financial instruments and cryptocurrencies.