The Fed is set to cut rates today for the first time in 4 years. the Fed is expected to reduce its benchmark rate, which currently stands at its highest point in 23 years, after the central bank introduced a flurry of rate hikes to tame the pandemic's high inflation. While economists are unanimous in expecting a rate cut on September 18, they're split between predicting a 0.25 percentage point cut versus a 0.5 percentage point reduction. #siamstr #nostr #Siamstr
Cryptocurrency markets surged on Thursday in response to the Federal Reserve cutting interest rates by 50 basis points. Bitcoin (BTC) and Ethereum (ETH) soared 7%, with BTC trading at $63,500 and ETH at $2,470. #siamstr #nostr #Siamstr
Today the U.S. House Financial Services Committee held a hearing entitled: Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets. Joined by Robinhood and Bitwise lawyers to discuss the SEC's predatory stance against crypto. #nostr #siamstr #Siamstr
It's been a long and bumpy road to the Federal Reserve's first interest rate cut in more than four years β€” a moment that could prove decisive to the finances of millions of Americans. On Wednesday, the Fed is expected to reduce its benchmark rate, which currently stands at its highest point in 23 years, after the central bank introduced a flurry of rate hikes to tame the pandemic's high inflation.#siamstr #nostr #Siamstr
On Monday, September 16, three prominent Democratic senators, Elizabeth Warren, Sheldon Whitehouse, and John Hickenlooper, pushed for a 75-basis-point (bps) Fed rate cut to safeguard the U.S. economy from a potential downturn. In a letter sent to Federal Reserve Chair Jerome Powell today, the lawmakers also emphasized that a more aggressive approach is necessary to prevent the economy from slipping into a recession. Such a move could boost the cryptocurrency and stock markets. #siamstr #Siamstr #nostr
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What will you do tomorrow? The answer is pow every day. #Siamstr #TBC2024 #Nostr
https://www.youtube.com/live/-6IoHnGci40?si=uNpd46dgc5-JaaeY. #siamstr #tbc2024 #Siamstr
On September 11, 2024, the world’s first-ever Congressional hearing dedicated solely to DeFi, entitled β€œDecoding DeFi: Breaking Down the Future of Decentralized Finance”, was called by Congressman French Hill, R-AR. #siamstr #Siamstr
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