🚨The Fed just admitted that the economy is weak
The Fed cut interest rates by 0.50%, the 1st rate cut since the COVID-19 crash in March 2020.
The central bank expects two more 0.25% cuts in 2024.
This is also the biggest surprise since the 2009 financial crisis.
A 50 basis point cut is usually not a good sign.
⚠️Big Fed rate cuts are usually bearish⚠️
