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Crypto Enthusiasts Embrace New Market Surge but Fed Casts Doubt
Crypto Enthusiasts Embrace New Market Surge but Fed Casts Doubt
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BTCCSquare news:
Cryptocurrency markets rallied this week, fueling Optimism among traders and investors. The surge comes amid shifting macroeconomic conditions, with Federal Reserve policies emerging as a critical variable.
Chicago Fed President Austan Goolsbee delivered sobering remarks about inflation projections, noting that recently announced tariffs complicate the path for potential rate cuts. Market expectations for a September reduction have diminished following the TRUMP administration's trade policy shifts.
New inflation data scheduled for release next week could introduce further volatility. The impending August 1 tariff implementation—including substantial levies on Canada and Brazil—adds another LAYER of uncertainty to the economic outlook.
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