The Federal Reserve announced a rate cut of 25 basis points at 3 AM, in line with market expectations.
The target for the federal funds rate has been lowered to 4.75%, the lowest since February 2023.
Interest rate futures expect another 25 basis point cut in December and predict a further reduction of 50 to 100 basis points by 2025.
The era of massive liquidity may begin, and the target of $BTC hundred thousand is no longer far away! Charge ahead~
