Standard Chartered Urges Fed Rate Cuts as DeepSnitch AI Gains Traction

September emerges as a pivotal month for financial markets, with mounting pressure on the Federal Reserve to implement interest rate cuts. Standard Chartered has joined the chorus, advocating for a 50-basis-point reduction following dismal US labor market data. August's report revealed a mere 22,000 jobs added—far below the 75,000 forecast—while unemployment climbed to 4.3%, the highest since late 2021.

Market participants are repositioning portfolios in anticipation of monetary easing, with attention shifting to emerging crypto projects. DeepSnitch AI has entered the spotlight, with analysts speculating it could become one of the season's standout tokens. The project's growing prominence coincides with BlackRock's Rick Rieder forecasting more aggressive rate cuts than previously expected.