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The Fed Chair Jerome Powell finally said the time has come for the central bank to cut its key policy rate.
This decision marks a significant shift in monetary policy, aimed at bolstering economic activity and maintaining employment levels. Market participants are closely watching the Fed's next moves, as the rate cut is expected to influence borrowing costs, consumer spending, and business investments.
This announcement is a much-needed boost to the economy, fostering growth and stability in uncertain times. As always, the Federal Reserve remains committed to its dual mandate of promoting maximum employment and ensuring price stability.
From this event, Bitcoin has risen to the level of $63,000.
