Basis Points | Crypto

Nearly unanimous consensus among economists points to a Fed rate cut next week, with 105 of 107 economists expecting a 25 basis-point reduction on September 17, marking the first easing since January, as Bitcoin surged above $116,000 following fresh inflation data with the Producer Price Index declining 0.1% unexpectedly, while spot Bitcoin ETFs drew $553 million in net inflows. The post 105 of 107 Economists Expect Fed to Cut Rates 25 Basis Points on September 17: Reuters appeared first on Cryptonews.