đŸ‡ș🇾 FOMC BREAKDOWN: Here’s everything that went down in today’s Fed Rate Cuts.

âšĄïž Fed cuts interest rates by 50 bps — first cut since 2020.

âšĄïž Two more rate cuts are expected in 2024.

âšĄïž One Fed governor dissented, favoring a 25 bps cut. This is the first dissent since 2005.

âšĄïž Fed has "greater confidence" inflation is nearing 2%

âšĄïž Fed is waiting for inflation data and jobs report for their decision on next cut.