Last night, the Federal Reserve cut the benchmark interest rate by 0.25%, as expected. The market did not experience much volatility.

The FOMC issued a statement:

- Current indicators show that economic activity is growing at a moderate pace.

- The pace of job growth has slowed, while the unemployment rate has slightly increased, but remains low until August.

- Inflation is rising compared to the beginning of the year and remains high.

- The committee aims to achieve an employment and inflation level of 2% in the long term. Economic outlook uncertainty remains high. The committee notes the risks on both sides of this dual mandate and comments that: unfavorable risks to employment have increased in recent months.

- To support its goals and considering the change in the risk balance, the committee decided to lower the target range for the federal funds rate by 1/4 percentage point, to a range of 3-3/4 to 4%. When considering additional adjustments to the target range for the federal funds rate, the committee will carefully assess upcoming data, growth prospects, and the risk balance. The committee has decided to complete the reduction of the total amount of securities held by December 1, and the committee is strongly committed to supporting maximum employment and bringing inflation back to the 2% target.

- In assessing an appropriate monetary policy stance, the committee will continue to monitor the impact of incoming information on economic prospects. The committee will be prepared to adjust its monetary policy stance as needed $ETH $BNB #