๐ฅ The Federal Reserve has officially cut interest rates by 25 basis points, perfectly matching market expectations! ๐๐ต
๐ค Later today at 9:30 PM (UTC+3), Fed Chair Jerome Powell will hold a press conference to discuss the decision and future outlook. ๐๏ธ
Letโs make history together, #DicasdeCripto fam! ๐
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๐ Investors had already priced in almost a 100% chance that the FOMC would make another 0.25% rate cut, marking the second consecutive reduction this year.
๐ฐ Following the announcement, Bitcoin reacted quickly โ the move brings the federal funds rate down to a 4.00%โ4.25% range.
However, thereโs still heated debate among committee members over the speed of future cuts, the limited economic data, and the plan to unwind Treasury and mortgage-backed securities from the Fedโs massive balance sheet. โ๏ธ๐
๐ All eyes are now on Powellโs remarks โ the markets are watching every word! ๐๐ฌ
