🔥 Summary of the Immediate Statement from the U.S. Federal Reserve

The Federal Reserve decided to cut interest rates by 25 basis points at the September meeting.

The dot plot revealed a signal for a reduction of 50 basis points by the end of 2025.

The newest member of the Federal Reserve, appointed by Donald Trump, Miran, voted to cut rates by 50 basis points today.

Among the members, 19 see two additional rate cuts in 2025, only 2 members believed there should be just one more cut by the end of the year, and 6 members oppose any further rate cuts in 2025.

Concerns of the Federal Reserve regarding a slowdown in the labor market have increased.

Inflation has risen and remains at a concerning and high level.$BTC $ETH $BNB