The reduction was expected last month, so where is the surprise and controversy in the matter!!!
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“The Fed’s Final Decision for 2024: 25 Basis Point Rate Cut… How Will It Shake Up the Cryptocurrency World?”
In a new move, the US Federal Reserve announced today, December 18, a 25 basis point cut in interest rates, to 4.50%. This decision comes in the last session of the Federal Reserve this year, indicating a new strategy that could transform the global economy.
Positive effects on cryptocurrencies:
1. Increased attractiveness of risky assets: Lower interest rates weaken the attractiveness of bonds and bank deposits, pushing investors towards higher-yielding assets such as cryptocurrencies.