**Breaking News: Fed Cuts Rates, Bitcoin Reacts! 🚀**
The U.S. Federal Reserve has just lowered its benchmark fed funds rate by 50 basis points to 4.75%-5%, marking the first rate cut in four years. This move follows the central bank's aggressive hiking cycle.
- **Bitcoin**: Initially jumped 1.2% to $61,000 but later pared gains. It's down 0.5% over the past 24 hours.
- **U.S. Equities**: Nasdaq up 0.8%, S&P 500 up 0.6%.
- **Gold**: Mostly flat below $2,600.
Fed members expect more cuts, with rates possibly down to 4.4% by year-end. What are your thoughts on this? Share in the comments!