đ„FED cuts interest rates by 0.5%, first time in 4 years
In his opening statement, Powell said the cut was an adjustment to the central bank. The policy stance will help maintain the strength of the economy and the labor market.
This is a cut that surprised the market and was contrary to many people's predictions. The FED has always maintained a cautious attitude with interest rate hikes, this time most predicted it would be only 25 basis points (0.25%), but the end result was a larger cut.
Crypto market reacts positively, the market is full of greenđ
