Urgent🚨
🚀 The Federal Reserve ignites the markets: Interest rate cut finally‼️
• 📉 Reduced the interest rate by 0.25% to a range of 4.00% – 4.25%.
• 📉 Reduced the interest rate on reserve balances to 4.15%.
• 📉 Reduced the basic credit rate to 4.25%.
• 📊 Approved the implementation of repurchase and reverse repurchase operations to support liquidity in the financial system.
• 🔮 Forecasts: Possibility of further cuts this year, but disagreements within the committee prevented a larger cut currently.
The decision reflects an attempt by the Federal Reserve to support economic growth while carefully monitoring inflation levels
