The US Federal Reserve cut its benchmark rate by 50 basis points to 4.75%-5%. This is the first cut in four years, due to increasing confidence that inflation is moving towards 2%.
Another 50 basis point cut is expected by the end of the year and further cuts in 2025 and 2026. The market reacted positively, with bitcoin up 1.4% and US stocks seeing gains.
Next steps:
- November: 25 basis point cut - December: 25 basis point cut - 2025: One percentage point cut - 2026: Half percentage point cut #BTC🔥🔥🔥🔥🔥 #BinanceSquareFamily $BNB $BTC $ETH
3 Reasons to Invest in BTC Today!Rising Institutional Adoption Inflation Resistance and Store of Value Long-Term Growth PotentialSeize the Moment and Add BTC to Your Portfolio#Binance#Bitcoin! #Bitcoin
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