🚨 FED Cuts Rates by 25 BPS! 📉 The US Federal Reserve has officially lowered the benchmark interest rate by 25 basis points (bps), setting the new target range at 3.50% - 3.75%.
This anticipated move marks the third consecutive rate reduction this year. It signals a shift towards monetary easing amidst cooling inflation and mixed economic data.
What does this mean for Crypto? 🚀 Lower interest rates often boost market liquidity and global risk appetite. This can be favorable for crypto assets, including Bitcoin and Altcoins.
Regarding the USD: The rate cut may put downward pressure on the US Dollar. This could potentially encourage foreign institutional investment into emerging markets and digital assets.
Keep an eye on the charts! 📈 Volatility is expected as markets digest this news and Chairman Powell's forward guidance. Information is for market updates, not investment advice.
