Fed Rate Decision, Mag 7 Earnings, Trump-Xi Summit to Move Markets

News Snapshot:

Major cryptocurrencies are trading higher, with key events, including Federal Reserve (Fed) and Bank of Japan (BOJ) rate decisions, and earnings reports from influential Mag 7 stocks lined up for the week ahead. Fed likely to cut rates The Federal Reserve is widely expected to cut its policy rate by 25 basis points to 4% on Wednesday, bringing the total easing since September last year to 150 basis points. The CME Fed funds futures are pricing in near certainty that the Fed will cut rates by 25 basis points on Wednesday and at its December meeting. The consensus anticipates further...