US Fed Rate Cut To Pressure Dollar, Could Trigger Bitcoin Rally?
Expert trader Peter Schiff has expressed concern over potential rate cuts by the US Federal Reserve in September, suggesting that it could prove to be a mistake in light of the declining value of the US Dollar compared to other major currencies. With consumer prices slightly dropping and inflation showing signs of waning, the likelihood of a rate cut has increased. As the crypto market looks on, many stakeholders anticipate a bullish phase for Bitcoin, keeping a close eye on the decisions made by the Federal Reserve.
Eleanor Ashworth is editor-in-chief at BTCNews. A Cambridge-trained journalist with 18 years across the Financial Times, Reuters and the Telegraph, she joined the crypto beat in 2017 after covering the Bank of England and HM Treasury. She holds the SABEW Best in Business award (2022) and was shortlisted for the British Journalism Awards (2023). At BTCNews she sets the editorial line for Bitcoin and macro markets coverage, with a focus on institutional adoption, regulation and central-bank policy. Based in London.
