🇺🇸🚨 Federal Reserve cuts interest rates by 50bps for the first time in 4 years. 💥👈

As we mentioned a few days ago, the Fed meeting is on September 18th. Today, we’ve received some bullish news from the Fed, indicating that the US economy is stabilizing. As a result, we've seen a 50 BPS rate cut. 💥👈

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🇺🇸 SUMMARY OF FED DECISION (9/18/24):

1. Fed cuts interest rates by 50 bps for first time since 2020

2. Fed sees 2 more 25 basis point rate cuts in 2024

3. One Fed governor dissented for the first time since 2005 in favor of a 25 bps rate cut

4. Fed gained "greater confidence" that inflation is moving to 2%

5. Fed will "carefully asses incoming data" and evolve outlook

6. Fed sees 100 bps of rate cuts in 2025 and 50 bps of cuts in 2026

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