
Powell Rate Cut Odds Hit 92%, Markets Eye Rally
Crypto analyst Crypto Rover (@rovercrc) tweeted that the markets currently expect a 92 percent chance that Federal Reserve will cut rates in September. The positivity is after a poor July jobs report, whereby the economy has been recording a decrease in the labor market, adding only 100,002 instead of expected 226,000 jobs in this report. Analysts consider that the smaller cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) will also gain in case Powell makes this step, and the former may aim to surpass the $70,000+ mark. Stocks also look ready to recover, particularly tech-weighted market indices. Powell ito be…








