Fed / Powell Update
✅ Rate Cut Done: The Fed just lowered its key rate by 25bps (0.25%). Powell called it a “risk-management” cut to guard against a cooling economy — not a big pivot yet.
⚠️ No 50bps Cut: Powell said there wasn’t enough support for a larger move. Inflation is still above target, so the Fed is easing cautiously.
🔮 More Cuts Possible: Powell hinted that up to two more cuts in 2025 are on the table, but stressed everything is data-dependent.
📆 No Extra Cut “Today”: The Fed almost never cuts rates outside scheduled meetings. Expect the next decision at the upcoming Fed meeting, not immediately.
📊 Market Takeaway: Dovish tone + a small cut = traders see odds rising for another cut in October if jobs/inflation data soften.$BNB