After the FOMC meeting, the Federal Reserve announced that the target range of the federal funds rate would be reduced from 5.25% to 5.50% to 4.75% to 5.0%, a decrease of 50 basis points.

This is the first rate cut since the Fed started this round of tightening cycle in March 2022. From March 2022 to July last year, the Federal Reserve raised interest rates 11 times in more than a year, with a cumulative increase of 525 basis points. Since July last year, the Federal Reserve has remained unchanged for eight consecutive meetings, keeping interest rates at their highest level since 2001.

The Federal Reserve has started an easing cycle and cut interest rates for the first time in four years. What makes the market even more excited is that the Fed has cut interest rates by an extraordinary amount at the beginning. The market reacted violently in the short term. U.S. stocks pulled sharply in the short term. The 10-year U.S. Treasury yield plunged from above 3.69% to below 3.64%, and turned down overall during the day.

Daily market analysis, high-quality potential currency recommendations. Long-term irregular recommendation of high-quality individual coins and market analysis, pay attention to the homepage Xiaozhi so as not to get lost. #token2049 #新币挖矿HMSTR #币安上线NEIRO