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Global Markets Decline Amid Fading Fed Rate-Cut Expectations
Global Markets Decline Amid Fading Fed Rate-Cut Expectations
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BTCCSquare news:
Global markets are experiencing significant volatility as investor Optimism for a Federal Reserve rate cut diminishes. The probability of a cut has fallen to approximately 50%, down from earlier higher expectations, according to the CME FedWatch Tool.
Wall Street's tech-heavy indexes led the downturn, with Asian markets following suit. Hawkish commentary from Fed officials and weaker-than-expected Chinese economic data further exacerbated the sell-off.
The crypto market, often sensitive to macroeconomic shifts, may face heightened uncertainty as traditional markets recalibrate expectations. Digital assets could see increased correlation with risk-off movements in equities if the Fed maintains its restrictive stance.
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