Crypto was under pressure Friday morning after the ISM Services Index for August came in at a stronger than expected 54.5. That was up from 52.7 previously and ahead of economist forecasts for 52.5. The news was further confirmation that the U.S. economy continues to expand, obviating the need for the Federal Reserve to consider easing monetary policy. It sent interest rates higher and the price of bitcoin down below $25,400. #ContentStar #BountyCreator #GateioBountyCreator #NewsMessenger #GateLive #contentstar #MyFancyCreator #HotTopicDiscussion
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The economic news remains bearish
Crypto was under pressure Friday morning after the ISM Services Index for August came in at a stronger than expected 54.5. That was up from 52.7 previously and ahead of economist forecasts for 52.5. The news was further confirmation that the U.S. economy continues to expand, obviating the need for the Federal Reserve to consider easing monetary policy. It sent interest rates higher and the price of bitcoin down below $25,400.
#ContentStar #BountyCreator #GateioBountyCreator #NewsMessenger #GateLive #contentstar #MyFancyCreator #HotTopicDiscussion