📌 Federal Reserve cuts interest rates by | crypto_ding on Binance Square

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📌 Federal Reserve cuts interest rates by 25bps.

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Satoshi Nakamoto’s statue is now on display at the New York Stock Exchange!

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Summary of #FOMC: ➺ Fed cut rates by 25 bps ➺ Fed will buy $40B in T-bills over the next 30 days ➺ Powell said the labor market is weak ➺ T-bill purchases to stay high for a few months ➺ Solid economic growth expected next year ➺ Rate cuts will be decided meeting by meeting ➺ Inflation still too high ➺ No one expects a rate hike ➺ Job gains were overstated Overall tone: bullish for markets.

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🚨 REMINDER: FOMC rate cut decision will happen today at 2 p.m. ET. The market is expecting a 88% probability of a 25 bps cut. At 2:30 p.m. ET, Powell’s press conference will start. If Powell hints at QE and more rate cuts, markets will go parabolic.

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🇨🇳 China injected ¥1.48 trillion in liquidity this week. 🇺🇸 Fed pumped $16 billion in US banks this week. 🇺🇸 Treasury bought back $14 billion of its own debt this week. 🇺🇸 Treasury injected $70 billion from its TGA balance this week. Liquidity has started to flow massively, and this is bullish for BTC and alts.

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#MicroStrategy Is Getting Ready for Something CryptoQuant says the company has switched to defense. After years of buying BTC, they’ve now saved $1.44B cash for the first time in 5 years. Analysts think this means the market may turn bearish. MicroStrategy looks prepared for a long slow phase… or a big drop.

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