Noem's alleged lover hit with new probe as Dems try to root out 'shadow chief of staff'

The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…

TLDR: 12-foot golden Trump statue holding Bitcoin unveiled near U.S. Capitol, drawing attention to crypto’s growing role in politics. Installation coincided with Fed’s first 2025 rate cut, sparking discussions on Bitcoin price action and monetary policy links. Project organizers funded the statue to honor Trump’s pro-crypto stance and his Strategic Bitcoin Reserve initiative. Trump’s second [...] The post Trump Statue Holding Bitcoin Unveiled Near U.S. Capitol as Crypto Politics Heat Up appeared first on Blockonomi.

The post Analyst Predicts ‘Uptober’ Rally for BTC Regardless of FOMC Decision appeared on BitcoinEthereumNews.com. Bitcoin traded at $116,236 as of 14:04 UTC on Sept. 17, up about 1% in the past 24 hours, holding above a key level as markets await the Federal Reserve’s policy announcement. Analysts’ comments Dean Crypto Trades noted on X that bitcoin is only about 7% above its post-election local peak, while the S&P 500 has risen 9% and gold has surged 36% during the same period. He said bitcoin has compressed more than those assets, making it likely to lead the next larger move, though it could form a “lower high” before extending further. He added that ether could join in once it breaks $5,000 and enters price discovery. Lark Davis pointed to bitcoin’s history around September FOMC meetings, saying every September decision since 2020 — except during the 2022 bear market — has preceded a strong rally. He stressed that the pattern is less about the Fed’s rate choice itself and more about seasonal dynamics, arguing that bitcoin tends to thrive in this period heading into “Uptober.” CoinDesk Research’s technical analysis According to CoinDesk Research’s technical analysis data model, bitcoin rose about 0.9% during the Sept. 16–17 analysis window, climbing from $115,461 to $116,520. BTC reached a session high of $117,317 at 07:00 UTC on Sept. 17 before consolidating. Following that peak, bitcoin tested the $116,400–$116,600 range multiple times, confirming it as a short-term support zone. In the final hour of the session, between 11:39 and 12:38 UTC, BTC attempted a breakout: prices moved narrowly between $116,351 and $116,376 before spiking to $116,551 at 12:34 on higher volume. This confirmed a consolidation-breakout pattern, though the gains were modest. Overall, bitcoin remains firm above $116,000, with support around $116,400 and resistance near $117,300. Latest 24-hour and one-month chart analysis The latest 24-hour CoinDesk Data chart, ending 14:04 UTC on…