Memecoins Unite in Green as US Market Optimistic on Interest Rate Cuts

Memecoins are seeing green today, Tuesday (09/09) as the market is optimistic that The Fed, the central bank of the United States, will cut the Interest Rate at the upcoming Federal Open Market Committee (FOMC) meeting on Thursday.
One of the catalysts is that the United States Secretary of the Treasury (Menkeu) Scott Bessent has called for a 50 basis point interest rate cut by The Fed this month after the inflation rate was reported to be stagnant in July.
"The thing to consider now is whether we will get a 50 basis point interest rate cut in September," he said.
Starting from Dogecoin (DOGE), the memecoin which is the 9th largest crypto, rose by 2.30% in the last 24 hours, making it priced at US$0.23. Followed by Shiba Inu (SHIB) which rose by 1.81% to US$0.00001278.
Pepe (PEPE) rose by 3% to US$0.00001030, Bonk (BONK) increased by 6.66% to US$0.00002316. Meanwhile, Official Trump (TRUMP) went up by 1.83% to US$8.67, and Floki (FLOKI) rose by 5% to US$0.00009782.
On the other hand, Phoenix (PHNIX) fell more than 4% despite having surged 50% the day before after Ripple's Chief Technology Officer David 'JoelKatz' Schwartz changed his personal social media profile picture to an image of a pirate alongside the PHNIX token logo.