🇺🇸 FOMC BREAKDOWN: Here’s everything that went down in today’s Fed Rate Cuts.

⚡️ Fed cuts interest rates by 50 bps — first cut since 2020.

⚡️ Two more rate cuts are expected in 2024.

⚡️ One Fed governor dissented, favoring a 25 bps cut. This is the first dissent since 2005.

⚡️ Fed has "greater confidence" inflation is nearing 2%

⚡️ Fed is waiting for inflation data and jobs report for their decision on next cut.