Slower bull market ahead? Fed rate cut probability falls to 40%

Federal Reserve Chair Jerome Powell’s comments dampened hopes for a September rate cut, which could lead to a slower crypto bull run, one analyst speculates.

Investors revised down expectations for a rate cut in September after Federal Reserve Chair Jerome Powell’s non-committal responses to one during a press conference on Wednesday.

One crypto analyst suggests it could lead to a slower-paced crypto bull run.

The United States central bank decided to maintain interest rates at 4.25% to 4.5%, based on uncertainty about the economic outlook, which it said “remains elevated.”

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