Federal Reserve Chair Jerome Powell’s actions led to volatility on Wall Street, but the decision to pause further rate cuts seems justified following the release of a key inflation indicator and political uncertainty in Congress. Powell’s leadership influenced market movements, while the decision to hold off on rate cuts appears to be supported by economic indicators and political developments. The week’s events underscore the importance of Powell’s role in guiding monetary policy amid changing economic conditions and political challenges.
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Are XRP and Bitcoin's Dips Simply Normal Corrections or Signs of a Cooling Crypto Market?
Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) have experienced significant pullbacks after a period of strong growth, with XRP dropping nearly 20% in one session and Bitcoin retreating after hitting a record high in July. Despite concerns that the summer rally might be over, these pullbacks are considered typical in a bull market, suggesting they are just temporary pauses rather than a sign of a trend reversal. Want More Context? 🔎
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