🚨FED UPDATE

1️⃣ Fed cuts rates by 50 bps—first time since 2020

2️⃣ Two more 25 bps cuts expected in 2024

3️⃣ First dissent since 2005, pushing for a smaller 25 bps cut

4️⃣ Fed gains confidence inflation is heading to 2%

5️⃣ "Carefully assessing data" to adjust outlook

6️⃣ 100 bps of cuts projected for 2025, 50 bps in 2026

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