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Fed rate cutCoinGape
•65% Informative
The FOMC meeting begins today , and the US Federal Reserve is expected to announce an interest rate cut after the two-day event.
A Fed rate cut is historically bullish for Bitcoin and the crypto market, with prices likely to rise.
But renowned economist Peter Schiff has suggested that Bitcoin might not benefit from any rate cut this time.
He predicts that a rate cut will only lead to a dollar crash and rising inflation.
The odds for a 50 bps has surged to 69% but experts are still tilting toward a 25 bps.
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