The Federal Reserve concluded its annual interest rate decision for 2024, deciding to lower the benchmark interest rate by 25 basis points to a range of 4.25%-4.50%. Subsequently, Federal Reserve Chairman Powell's remarks at the press conference also conveyed several policy signals. He stated that the restrictive nature of the policy stance has clearly weakened, allowing for more cautious consideration of further interest rate adjustments, and that the Federal Reserve has not adopted any preset course for interest rates. Influenced by a series of "hawkish" signals, traders have lowered their expectations for future rate cuts, leading to declines across all three major U.S. stock indexes last night, with the Nasdaq falling 3.5% and the Dow experiencing its longest losing streak since October 1974 with ten consecutive days of decline! Perhaps influenced by this, BTC also saw a significant drop yesterday!
