The US lowers interest rates, officially declaring defeat!
At 2:00 am on the 19th, the US Federal Reserve officially lowered interest rates by 50 basis points, without any doubt. This also means that the US has officially admitted defeat in this round of confrontation. In the past 3 years, the US has experienced the strongest interest rate hike cycle in history, and interest rates have remained high for more than a year, but this has not burst the financial bubble in China. Although the real estate market has been affected, it has not yet fallen into a crisis, and is still in the process of soft landing. The US's own debt problem has exceeded the limit, many economic indicators have begun to decline, so they cannot sustain themselves, so they lower interest rates! $BTC $ETH $LTC
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