Published Time: 05.08.2024 - 02:00:36
Modified Time: 05.08.2024 - 02:00:36
Last week's drop in stocks was tied in part to disappointing earnings, a weaker-than-expected jobs report, higher unemployment and a declining manufacturing sector. The U.S. Federal Reserve opted to hold its benchmark rate steady and didn't promise a rate cut in September, which many market experts had baked into their forecast. Lower interest rates tend to correlate with better performance for risky assets. Bitcoin, BTC, crypto news
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