Summary of today's FOMC meeting:

• Rate cut of 25 basis points by the Fed

• Purchase of 40 billion dollars of Treasury bonds by the Fed starting December 12

• Powell stated that the labor market was weak

• Powell confirmed that Treasury bond purchases would remain high for several months

• Powell expects solid economic growth next year

• Powell indicated that rate cuts would be decided on a case-by-case basis

• Powell stated that inflation remained too high

• Powell stated that no one expected a rate increase

• Powell stated that job creations had been overstated

Overall, the meeting was rather positive for the markets 🔥.#BinanceHODLerMorpho #BinanceBlockchainWeek