The Federal Reserve announced its September interest rate decision, announcing a sharp rate cut of 50 basis points. At the same time, the dot plot suggested that there will be another 50 basis point cut this year.

Bowman was the only Fed board member who wanted a 25 basis point rate cut, becoming the first Fed board member to vote against the bill since 2005.

The Federal Reserve lowered its forecast for U.S. GDP growth in 2024 to 2 percent and raised its forecast for U.S. unemployment rate in 2024 to 4.4 percent.

After the resolution was announced, the three major U.S. stock indexes hit new highs for the day, the two-year U.S. Treasury bond yield plunged more than ten basis points, and gold rose more than one percent during the session, setting a record high.

But then, as Powell said at a press conference that the Fed is not in a hurry to cut interest rates, he also warned against viewing large-scale interest rate cuts as a regular rhythm in the future.

Powell's hawkish speech caused the three major US stock indexes to fall collectively, US bond yields turned up again, and gold prices fell back after rising, falling 0.4%, failing to hold its historical high. #美联储宣布降息50个基点 #加密市场反弹 #美国大选如何影响加密产业？ #新币挖矿HMSTR #特朗普首次使用BTC $BTC $ETH $BNB