TRUMP SIGNALS FED RATE CUTS WITH NEW CHAIR PICK
President Trump announced that the next Federal Reserve chair will support significantly lower interest rates:
"I’ll soon announce our next chairman of the Federal Reserve, someone who believes in lower interest rates by a lot. And mortgage payments will be coming down."
Market implications:
• Potential for easier monetary policy ahead
• Lower rates could support equities and crypto
• $SPX and $BTC likely to react quickly to the news
This is a major signal for risk assets, as markets price in a more accommodative Fed stance.
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