CoinVoice has recently learned that the Federal Reserve has concluded its 2024 annual interest rate decision, deciding to lower the benchmark interest rate by 25 basis points to a range of 4.25%-4.50%, marking the third consecutive rate cut, which meets expectations.
In this year's eight decisions, the Federal Reserve has cumulatively lowered interest rates by 100 basis points, consisting of one 50 basis point cut, two 25 basis point cuts, and five instances of maintaining the rate unchanged. (Jin Shi) [Original link]