Economists Predict Federal Reserve Will Reduce Interest Rates by 25 Basis Points in September

Interest Rate Predictions: Economists predict the Federal Reserve will reduce interest rates by 25 basis points in September, contrary to Wall Street banks' expectations for a larger cut. The majority expect rates to fall to 5% to 5.25%.

Market Impact and Uncertainty: The differing views between economists and Wall Street are causing market fluctuations, particularly affecting the cryptocurrency markets, as investors await the Fed's critical decision in September amidst ongoing global economic uncertainties.