⚠️⚠️ The Fed lowers interest rates but will cut less in 2025 due to high inflation
The U.S. central bank lowered interest rates on Wednesday, but Federal Reserve Chairman Jerome Powell stated that further cuts to borrowing costs depend on further progress in lowering inflation, remarks that indicate policymakers are beginning to take into account the prospect of comprehensive economic changes under the upcoming Trump administration.
Powell's clear - and repeated - reminders of the need for caution from here have sent Wall Street into a tailspin, causing stocks, gold, and crypto to drop sharply and prompting the market to revert to estimates of borrowing costs that may decrease in the coming year.
AFTER FOMC
• S&P 500 down 3%
• NASDAQ 100 down 3.6%
• Gold down 2%
• Bitcoin down 4%
• Altcoin down a little more
But fundamentally, there is an opportunity to add more to your portfolio, guys ☄️☄️ Buy on the fear.