• Jerome Powell suggests a possible abatement in rate increases
• Best cryptos to buy now – AI, BGB, COPIUM, RNDR, ECOTERRA, INJ and YPRED
• AiDoge presale raises over $10 million
Federal Reserve Chair Jerome Powell Suggests Possible Abatement in Rate Increases
Federal Reserve Chair Jerome Powell has suggested a possible abatement in rate increases due to financial strains that could potentially hamper economic expansion, employment, and inflation. The central bank’s policy rate may not need to climb as much as initially expected to reach its objectives. This idea was presented during the May Federal Open Market Committee (FOMC) meeting.
Best Cryptos to Buy Now
In the face of mounting cryptocurrency market uncertainty, some of the best cryptos to buy now are AI, BGB, COPIUM, RNDR, ECOTERRA, INJ and YPRED based on fundamental analysis and/or favorable technical analysis.
AiDoge Presale Raises Over $10 Million
AiDoge’s presale has become a major talking point in the cryptocurrency market with its AI-driven meme coin already raising over $10 million so far and setting its sights on a hard cap of $14.9 million.
CME FedWatch Tool Forecasts Halt in Rate Increases
According to the CME FedWatch tool about 78% of traders forecast the U.S. central bank will halt rate increases at its upcoming mid-June policy gathering. A significant portion also speculates about a potential rate reduction later this year.
Cryptocurrency Market Continues to Offer Investment Opportunities
Despite ongoing challenges, the cryptocurrency market continues to offer sound investment opportunities for those looking for additional sources of income or just diversification for their portfolios.