Experts Anticipate Fed’s Interest Rate Cuts in November and December
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 08 2024Interest Rate Cuts Expected: Experts predict the Federal Reserve will implement 25 basis point interest rate cuts in November and December, following a larger cut in September, which is expected to boost cryptocurrency markets.
Positive Labor Market Impact: Recent labor data showing strong job growth alleviates recession fears and suggests that the economy may not require further significant rate cuts, potentially leading to increased volatility in cryptocurrencies amid upcoming U.S. elections.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
