3 USA Altcoins to Buy if Fed Signals Rate Cuts in June

Quick Summary:

The crypto market is gaining today, May 7, ahead of the FOMC meeting in which Fed Chair Jerome Powell is expected to announce an interest rate decision.

The market has already priced in zero rate cuts, and the focus is on Powell’s speech and whether he will signal cuts in June.

Data from CME FedWatch Tool further shows that 30% of investors expect the Fed to trim rates in June, and this figure will likely change based on what Powell says today.

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Article Details

Author / Journalist: muthoni

Category: Crypto

Markets: India

Topics: Solana Chainlink Ripple Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 15:06:18 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 659 words

Reading Time: 4 minutes read

Sentences: 45 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28472627

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