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Traders start pricing in the Federal Reserve's three interest rate cuts this year

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2024-07-11 20:38:14
Trader start fixing price lien reserve year rate cut three timesdesk3cryptocurrencydesktopCrypto News
On July 11, after the release of CPI data, traders expected the Federal Reserve to have a 25% chance of a third 25 basis point interest rate cut this year.
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The CPI went cold across the board, and spot gold broke $2,400. Analysts said that the long-term price target for gold could reach $5,000, and $10,000 is not a problem.
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