Crypto Bets On Rate Cuts: September Fed Decision Fuels Bullishness

Investors are eagerly awaiting the Federal Reserve’s decision, with CME FedWatch data indicating a strong 89% probability of interest rates being lowered in September. This move is fueled by encouraging signs that the U.S. labor market is cooling faster than expected. July’s job creation fell short of forecasts, and revisions to previous months removed hundreds of thousands of positions from the official count. For many Fed officials, this signals a need for action sooner rather than later, potentially preventing a deeper slowdown in the economy.