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Global Equities Rally on Fed Rate Cut Hopes, Crypto Markets Await Ripple Effects
Global Equities Rally on Fed Rate Cut Hopes, Crypto Markets Await Ripple Effects
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BTCCSquare news:
Benchmark indices surged in early trading as global markets responded to growing expectations of a September Fed rate cut. The Dow Jones Industrial Average's 1.89% Friday rally signals renewed risk appetite that could spill into digital assets.
Tech stocks led gains across Asian and US markets, with Infosys and Tata Consultancy Services outperforming. This sector-specific strength mirrors crypto's recent performance, where infrastructure tokens like ETH and SOL have shown resilience.
Jerome Powell's Jackson Hole comments about "shifting risk balance" have been interpreted as dovish. Historically, such monetary policy pivots have catalyzed capital flows into alternative assets, including cryptocurrencies.
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