🚨FED UPDATE
1️⃣ Fed cuts rates by 50 bps—first time since 2020
2️⃣ Two more 25 bps cuts expected in 2024
3️⃣ First dissent since 2005, pushing for a smaller 25 bps cut
4️⃣ Fed gains confidence inflation is heading to 2%
5️⃣ "Carefully assessing data" to adjust outlook
6️⃣ 100 bps of cuts projected for 2025, 50 bps in 2026
