🇺🇸 SUMMARY OF FED DECISION (9/18/24):
🔸 Fed cuts interest rates by 50 bps for first time since 2020
🔸 Fed sees 2 more 25 basis point rate cuts in 2024
🔸 One Fed governor dissented for the first time since 2005 in favor of a 25 bps rate cut
🔸 Fed gained "greater confidence" that inflation is moving to 2%
🔸 Fed will "carefully asses incoming data" and evolve outlook
🔸 Fed sees 100 bps of rate cuts in 2025 and 50 bps of cuts in 2026
In short words overall FED speech 💬 is bullish for market . You can follow our 4 days ago shared fundamental analysis . To read it click here .
If you find this post helpful then don't forget to like and follow @MU_Traders for more updates .
#MU_Traders #Token2049 #FOMC #BinanceLaunchpoolHMSTR #NeiroOnBinance $BTC $BNB $SOL
