Global #Federal Reserve

JPMorgan Chase and Bank of America have recently revised their forecasts regarding a potential interest rate cut by the Federal Reserve in November. Citing a robust labor market, both banks now expect the Fed to implement a quarter-point reduction, shifting away from earlier predictions that suggested a more substantial cut due to anticipated economic weakening.

In an era where digital assets are increasingly shaping the financial landscape, the proposal for a National Bitcoin Reserve has begun to attract significant attention from both sides of the political aisle.

The price of gold has reached a historic milestone, surpassing $2,660 per ounce after experiencing a remarkable increase of over 30% this year.

The price of gold has soared to an all-time high of $2,629 per ounce on September 23, driven by a recent interest rate cut from the U.S. Federal Reserve.

On September 19, Bitcoin's price action took center stage as the cryptocurrency sought to establish $62,000 as a new support level. This movement comes on the heels of a surprising decision by the United States Federal Reserve to implement a rare 0.5% interest rate cut, stirring markets and prompting investors to reassess their positions.

Analysts at Bernstein have painted a positive picture for decentralized finance (DeFi) despite widespread concerns that potential Federal Reserve interest rate cuts could negatively impact Bitcoin and Ethereum.