@everyone

**Market Forecast Proven, Powell Cuts Interest Rate Again**

Chairman of the Federal Reserve (The Fed) Jerome Powell has cut the benchmark interest rate again to 3.50%-3.75% on Thursday (11/12) early morning. This means that The Fed has lowered the interest rate three times this year. This decision aligns with the market expectations that circulated earlier, with 87% of market participants optimistic about the interest rate cut this December, according to CME. This step is in line with the end of the Quantitative Tightening (QT) policy that has been in effect. It is known that the end of QT impacts the availability of money in the banking system. This is because the policy acts like a vacuum machine that pulls the amount of money in circulation.

-# Image Source: Crypto Academy #sukubunga