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Crypto Today: Ripple Outperforms Bitcoin and Ethereum, 20% Rally Likely in XRP
The top three officials of the Federal Reserve are becoming more dovish: The Fed's "crazy journey" has just begun, and the September meeting may reduce interest rates by 50 basis points.
Dudley, who called for a Fed rate cut in July two weeks ago, believes the longer the Fed delays cutting interest rates, the greater the possible economic damage; once in recession, the Fed is unlikely to cut rates immediately, and may cut 25 or 50 basis points in September depending on the data; the interest rate outlook may remain uncertain in the coming months, and there may be greater volatility in the stock and bond markets.
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