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Senator Elizabeth Warren and other Democratic senators asked the Federal Reserve to reduce the interest rate by 0.75% in the meeting of September 17 and 18. This demand is much higher than market expectations. Warren warned that it may be too late to gradually cut interest rates and that the Fed must act faster to avoid a recession. The market predicts a 67% probability of a 0.5% decrease in interest rates. The price of Bitcoin (BTC) fell below $58,000 after the news.
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