The crypto market has come under strong selling pressure after the US DOJ sent a subpoena notice to Nvidia wiping out more than $1 trillion from the US markets. All hopes are currently on the Fed rate cuts to boost market liquidity, however, some market analysts believe that it can only provide temporary relief citing underlying weakness in the US economy and the impending US recession.
Fed Rate Cut Won’t Prevent US Recession
With just fifteen days left for the Fed rate cut cycle to begin, market analysts are pointing to historical charts to see what happened during the previous rate cuts. Market analyst Brett (@brett_eth) highlighted some similarities between the current economic environment and past interest rate-cut cycles from 1981, 1990, 2000, and 2007.
He added that the indicators of a rising unemployment rate along with the 10-year to 2-year yield curve inversion mirror similar trends from the past cycles. The optimism surrounding the Fed rate cut suggests that they could be b
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