Coinbase, American Exchange of Bitcoin (BTC) and cryptocurrency directors predict that the US Federal Reserve will cut interest rates twice in September and October.
In this regard, Matías Alberti, country manager at Coinbase Argentina, said in a statement sent to Cryptootics:
The executive emphasized that the predictions are solid. There are mixed signals in the context of macroeconomics. On the one hand, the Consumer Price Index (CPI) was reduced in the US, while on the other hand, the Producer Price Index (IPP) rose.
Inflation in July was 2.7% year (planned 2.8%), but the underlying CPI for excluding energy and food was 3.1% over the past 12 months (expected 3.0%).
for that, L Ippmeasured how much the price a company pays to produce goods and services would rise, far exceeding what was expected. It was 3.3% per year, 0.8% above the estimated value.
These indicators will be analyzed at the next meeting of the Fed’s Open Market Operations Committee (FOMC) on September 17th.
Currently, interest rates range from 4.25 to 4.50%, so a 25 basic point reduction in September and October will be placed between 3.75% and 4.00%. This is at a level that can reinvigorate the ecological impulses of digital assets, according to Coinbase.
This is because if interest rates are reduced, the costs of debt will decrease and the system will have more liquidity. When an investor’s appetite awakens, it’s there Assets take into account risks such as Bitcoin (BTC) and cryptocurrency.
It is important to clarify that Coinbase’s senses are similar to those of Polymarket users, the Cryptocurrency Betting platform.
(tagstotranslate)Coinbase
