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Former Commerce Secretary Warns US Headed for Recession

Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong…

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Fedwatch Tool Shows 50-50 Chance for 25bps or 50bps Cut Before FOMC

The market is holding out hope for a bigger rate cut as the Federal Open Market Committee (FOMC) prepares to meet on Wednesday. Predictions from Polymarket and CME’s Fedwatch tool…

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Fed Rate Decision Looms as Market Predicts 25bps Cut With 87% Probability

With just six days to go before the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting, the likelihood of a 25 basis points (bps) rate cut is growing stronger…

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Ripple CLO Criticizes US Regulators for Using Crypto as Scapegoat in Money Laundering Scandals

Ripple Labs’ Chief Legal Officer, Stuart Alderoty, has slammed U.S. regulators for unfairly targeting the cryptocurrency industry in money laundering investigations while allowing traditional banks to slip under the radar.…

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Calm Markets: Stocks, Crypto, and Gold Show Little Movement Post CPI

The latest consumer price index (CPI) from the U.S. Bureau of Labor Statistics shows that inflation cooled to 2.5% in August, marking the slowest rate since 2021. Meanwhile, core CPI,…

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North Carolina Rejects Federal Digital Currency, Overrides Governor’s Veto

The North Carolina General Assembly has overridden Governor Roy Cooper’s veto to enact a bill prohibiting a central bank digital currency (CBDC) in the state. The Senate voted 27-17, securing…

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We Asked ChatGPT if Bitcoin (BTC) Can Hit $100K if the US Fed Lowers Interest Rates

TL;DR A potential interest rate cut by the U.S. Federal Reserve could boost the crypto market, possibly pushing BTC toward a new all-time high. Some experts argue that the positive…

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Fed Report Explores How Crypto Price Changes Affect Ownership

A report by the Federal Reserve Bank of Philadelphia’s Consumer Finance Institute found that cryptocurrency ownership declined during market downturns, despite price increases in bitcoin. Data from multiple surveys showed…

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