11/12 | Daily Crypto & Macro News
Happy Thursday all! If you missed the past 24 hours in crypto and stocks, here's your full recap:
🚨 Major Headlines & Market Moves 🚨
→ The Fed cut rates another 25 bps, moving down to a new range of 3.50-3.75% and they announced $40 billion per month of Treasury bill buying starting this Friday, QE is back.
→ 82% chance of Fed maintaining rate in January.
→ Fed Chair Jerome Powell says baseline is solid for growth next year.
→ White House Economic Advisor Hassett says stronger data could support 50 bps cut.
→ Bitcoin slipped in Asia trading hours while other risk assets gained after the US…
The skinny
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