**Overview of the US Federal Reserve (FED) Meeting **
**1. Interest Rate Decision:**
- The FED has decided to cut interest rates by another 0.5%, marking the first adjustment in 4 years.
**2. Future Interest Rate Forecast:**
- In 2024, the FED is expected to continue to cut by another 0.5%.
- In 2025, interest rates will decrease by another 1%.
- By 2026, the FED plans to lower interest rates to 2.9% and maintain this level in the long term.
**3. Inflation Outlook:**
- The FED is confident that inflation will fall to 2.3%.
### Impact of This Decision on the Economic Situation
**1. Impact on Market Sentiment:**
- The sudden interest rate cut shows that the FED is showing signs of being quite hasty in stimulating the economy. The FED Chairman has emphasized that the US economy is stable. However, the question is, if the economy is stable, why cut interest rates so sharply?
**2. Money Flow and Assets:**
- Lower interest rates mean more money will be pumped into the market. In fact, after each monetary easing cycle, the amount of money in circulation is often many times the amount of new money created. This will certainly lead to an increase in asset prices, not because their value increases but because the currency loses value.
**3. Financial Market Reaction:**
- The market is currently in a state of uncertainty. Specifically, the price of gold increased sharply by 31 USD/OZ immediately after the announcement of interest rates, but then fell sharply by 50 USD/OZ. This fluctuating trend is likely to continue, at least until the upcoming US presidential election.
**4. Impact on Cryptocurrency Market:**
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