Fed, A rate cut
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Most Fed watchers and futures traders expect the Federal Reserve will trim the federal funds rate by a quarter point to a range of 3.5% to 3.75% on Dec. 10.
Dec 5 (Reuters) - Morgan Stanley said on Friday it now expects the U.S. Federal Reserve to deliver a quarter-percentage point rate cut in December, joining peers J.P.Morgan and BofA Global Research, following dovish remarks from central bank policymakers.
Bitcoin could drop to between $60K and $80K into year-end if the U.S. Federal Reserve holds interest rates steady at its policy meeting on Dec. 9-10. The BTC price has fallen sharply since the beginning of November as rate-cut expectations slipped below 50%.
The Federal Reserve maintained its benchmark interest rate on Wednesday, keeping borrowing costs at their highest level in more than two decades despite a prolonged cooldown of inflation. An interest rate cut is widely expected in the coming months.
Silver traded near an all-time high, after US payroll data reinforced bets that the Federal Reserve will cut interest rates in its final policy meeting of the year. Gold edged up.