The FED cut interest rates by 0.25% and emphasized that the current economic situation is still adequate, with the labor market and inflation still under control.
The FED Chairman also confirmed that policies under Trump may affect the economic situation.
Thus, the US interest rate is currently at 4.50% - 4.75%.
The crypto market reacted positively immediately after the news of the interest rate cut:
$BTC hits a new ATH at $76K
$ETH is up 5.7% in the past 24 hours, surpassing $2K9
$SOL is up 6.2%, surpassing the important resistance level of $200
