The US Federal Reserve (Fed) officials are contemplating interest rate cuts in September. This marks a shift from their previous stance of rate hikes and stabilization.
Minneapolis Fed President Neel Kashkari confirmed that it’s appropriate to discuss rate cuts in September. He is supported by other dovish comments from Fed officials.
These discussions are driven by cooling inflation and a slowing labor market. Additionally, Bitcoin (BTC) options traders are now targeting a $100K mark.