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Although the president of the Federal Reserve, Jerome Powell, hinted at a potential interest rate cut in September during his Jackson Hole address on August 22 🏦. Crypto traders on Polymarket predict an 81% chance of a 25 base point reduction. Analyst Quinten François forecasts a significant market upswing post the September drop 📈. However, Santiment’s report warns that excessive online buzz can lead to market euphoria, potentially signaling an impending correction 📉. Social media sentiment and upcoming economic data could sway the Fed’s decision in September 📅.
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