Category: September
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ECB Poised for Holiday May Prime Markets for September
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Breadcrumb Trail Links PMN Business European Central Bank officials may be about to prime investors for another interest-rate cut, though only after one of the Governing Council’s longest-ever summer breaks between decisions. Author of the article: Bloomberg News Craig Stirling and Marilen Martin Published Jul 13, 2024 • 7 minute…
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Fed Head Powell’s Testimony Kept September Cut on the Table As Labor Market Cools
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Federal Reserve Chairman Jerome Powell was the center of attention in his testimony before the Senate Banking Committee, where he suggested that waiting too long to cut interest rates could risk harming the U.S. labor market. Although he declined to offer any explicit guidance on easing, Powell acknowledged that business…
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Will Ethereum Skyrocket? Analyst Predicts $6,000 By September
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Popular cryptocurrency analyst Degentrading (@degentradingLSD) made a bold prediction that the price of Ethereum will reach $6,000 by September 2024. This prediction comes in response to an analysis by Mechanism Capital founder Andrew Kang, who expects Ethereum to perform poorly despite the imminent launch of the Ethereum price. Immediately in…
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Citi sees the Fed, the ECB, and the BOE all cutting rates in September By Investing.com
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In its Global Economic Outlook, Citi economists said they expect the Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England (BOE) to cut interest rates in September. The bank said its forecasts aim to balance three main themes: resilient service sectors, persistent inflation above official targets,…
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Bitcoin Propped For Major Breakout By September, Analyst Explains Why
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After Bitcoin’s halving in April, analysts and investors remained on the edge of their seats in anticipation of a major price breakout by the number one cryptocurrency. While Bitcoin rose to $71,443 last week, the token quickly suffered a bounce as it fell to $66,936. Interestingly, popular analyst with the…