The move was expected to some degree by most experts.
The central bank cut interest rates by 25 bps at its first FOMC meeting since the U. S. presidential election in November.
On Tuesday, a new president was elected who will significantly change the direction of the country for the next four years, making this an important week for the U. S. , the world's largest economy.
On Thursday, the U. S. Federal Reserve was scheduled to hold its first FOMC meeting after cutting its key interest rate by 0.5% in September. Most market analysts and experts expected a more modest 25 basis point rate cut at the November meeting, which Fed Chairman Powell announced a few minutes earlier. Thus, interest rates were cut to 4.5-4.75%.
the central bank reaffirmed its goal of reducing inflation to 2% in the coming months, citing falling domestic inflation as the reason for its decision.
most experts expect the Fed to make such a move, and the market seems to have already appreciated it. As a result, #bitcoin did not make a strong move within minutes of the decision.
A few minutes ago, the major #cryptocurrency reached a new peak at $76,800 (on Bitstamp), but then lost a little strength and is now at $ 76,100.
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