Yahia74
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The decision to reduce interest rates is not surprising and was largely expected, but the lack of reduction is surprising and had a more negative impact on the markets in general.
“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.
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.
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