🚨 Breaking News: The Federal Reserve cuts interest rates by 25 basis points
The U.S. Federal Reserve has officially reduced the main interest rate by 25 basis points, bringing the new target range to 3.50% - 3.75%.
This anticipated move marks the third consecutive rate cut this year, indicating a shift towards a more accommodative monetary policy amid slowing inflation and mixed economic data.
What does this mean for cryptocurrencies?
Risk Awareness: Lower interest rates typically lead to increased market liquidity and a global appetite for risk, which could be beneficial for crypto assets such as Bitcoin and altcoins.
Impact on the U.S. Dollar: This cut may exert downward pressure on the U.S. dollar, potentially encouraging institutional investment.
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