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such monetary policy easingCoinGape
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77% Informative
Dallas Fed President Lorie Logan reiterated her support for gradual interest rate reductions.
Lower interest rates may make risk assets like Bitcoin more attractive to investors seeking higher returns.
Logan emphasized the Fed has to adjust its policy in response to changing economic conditions.
Any risk of rate cuts from the Fed will inevitably raise expectations for cryptocurrencies, including Bitcoin .
The FOMC will no doubt confirm this rate cut in its meeting on November 6-7 .
This also happens to be just 24 hours after the highly awaited US Presidential Election .
Expectations had been for a cut of 50 basis points.
The more modest move is said to be because inflation is approaching the central bank’s 2% target.
VR Score
79
Informative language
83
Neutral language
57
Article tone
formal
Language
English
Language complexity
53
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
Source diversity
3
Affiliate links
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