Zeus: Strong fundamentals of Aptos - Stripe and Circle boost, promising future
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The market originally expected a "hawkish rate cut" from the Federal Reserve, but in reality, there were no additional dissenters, no higher dot plot, and the anticipated tough stance from Powell did not materialize.
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Although this rate cut was as expected, there was an unusual split within the Federal Reserve, and it hinted at a possible prolonged pause in the future. At the same time, the Fed is stabilizing year-end liquidity by purchasing short-term bonds.
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