🔴 #ФРС first lowered the rate in 2025

• Decision: minus 25 b.p. — the start of the easing cycle.

• Forecast: baseline scenario — another minus 50 b.p. by the end of the year.

• Disagreement: council member Miran insisted on a reduction of 50 b.p. at once.

• #Сигнал : the focus has shifted from inflation to #риски for employment.

👀 Split within the Fed:

– 6 participants do not expect further reductions;

– 9 anticipate at least two new steps down.

📌 Result: policy is becoming cheaper → liquidity is increasing → risk assets (#BTC , #альткоины ) receive support. Q4 may proceed with acceleration.

$TOSHI $ALL $F