Fed lowers interest rates but will cut less in 2025 due to high inflation

The U.S. central bank lowered interest rates on Wednesday, but Federal Reserve Chairman Jerome Powell stated that further cuts to borrowing costs depend on further progress in lowering inflation, remarks indicating that policymakers are starting to consider the outlook for comprehensive economic changes under the upcoming Trump administration.

The clear - and repeated - reminders from Powell about the need for caution from here have shaken Wall Street, causing stocks, gold, and crypto to drop sharply and pushing the market back to estimates about the borrowing costs potentially decreasing next year.

AFTER FOMC

• S&P 500 fell 3%

• NASDAQ 100 fell 3.6%

• Gold fell 2%

• Bitcoin fell 4%

• Altcoin went down a bit more

But basically, there's an opportunity to add more items to your portfolio, guys.