🚨 Fed Decision 🚀🚀🚀
The Fed's decision on interest rates has been announced. The statement that markets have been waiting for for days has come. Everyone is "Will the Fed cut interest rates or keep them steady?" While searching for an answer to the question, the Fed's decision has been announced.
The US Federal Reserve has cut interest rates for the first time since 2020 by 50 basis points.
The US Federal Reserve has cut interest rates for the first time since 2020 by 50 basis points, reducing them from 5.50 percent to 5 percent.
Market expectations were for a 25 basis point cut in the base rate.
The Fed recently decided to cut the emergency interest rate twice in March 2020 due to growing concerns about the economic impact of the Covid-19 pandemic.
Fed Chairman Jerome Powell gave the message that it is time to adjust monetary policy in a statement at the Jackson Hole meeting last month. This message was understood as a signal that the Fed will begin its easing cycle at its September meeting.$ETH
