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JPMorgan Chase said that in light of the latest non-farm payrolls data, the Federal Reserve is expected to make its next rate cut in June, compared to its previous forecast of March.
JPMorgan Chase: In light of the latest non-farm payrolls data (strong), the Federal Reserve is expected to make its next rate cut in June, compared to its previous forecast of March.
"Given that Ethereum is the only major cryptocurrency [other than Bitcoin] approved as the basis for a spot ETF, it could be a rotation target," Citi analysts said in a report on Monday. Other cryptocurrencies have fared even better, and their share of the overall cryptocurrency market cap is growing. Citibank added that respondents to a recent survey believe that counterfeit products will perform particularly well in 2025...
The Federal Reserve's Mr. Bostic said officials should be cautious in their decision-making, preferring to keep interest rates high given uneven progress in reducing inflation. In a podcast recorded on December 9 and released on Tuesday, Mr. Bostic also said he expected inflation to continue to fall gradually to the Fed's 2 per cent target this year. He said he expected price pressures to subside, although at some point it might look like...
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