SOL breaks through the $240 mark

[KPMG: Federal Reserve's Continued Policy May Lead to Overstimulation] KPMG Chief Economist Diane Swonk stated that if the Federal Reserve's current policy continues into next year, it could result in overstimulation due to leadership changes, causing consumers and businesses to anticipate rising inflation.

XRP is set for new products, with REX-Osprey launching the first U.S. ETF offering spot exposure Sept. 18 and CME Group adding options on XRP futures Oct. 13.

[JPMorgan Executive: Fed Decision Shows Unity with Only One Dissenting Vote] Bob Michele, Global Head of Fixed Income at J.P. Morgan Asset Management, stated that it was surprising there was only one dissenting vote in the Federal Reserve's latest decision, reflecting a unified stance on reducing the restrictiveness of policy. He believes the previous level of policy restrictiveness exceeded expectations.

[Federal Reserve Economic Outlook Indicates Soft Landing Expectations] Allspring Global Investments manager stated that the Federal Reserve's 'Summary of Economic Projections' indicates there may be two rate cuts this year, GDP growth forecasts have been revised upward, unemployment rate is expected to decline, and the economy may continue to achieve a soft landing. This is favorable for the credit market, with yields remaining attractive. Attention should be paid to the rate-cut cycle and the possibility of stock market peaks accelerating merger and acquisition activities, which could pose challenges for credit investors.

Binance SOL/USDT is currently trading at $240.18, up 0.31% in 5 minutes. Please be aware of market fluctuations.