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Last Friday, the SPX index was up by 1.15%, bolstered by Federal Reserve Chair Jerome Powell's announcement of likely interest rate cuts due to confidence in achieving a 2% inflation target. The market anticipates a potential rate cut in September, with a 70% likelihood of a 25 basis point reduction. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 0.12% and 0.01%, respectively in the past 24 hours.