1. The Fed announced its interest rate decision:
• The Federal Reserve recently lowered the federal funds rate by 0.25% (25 basis points), bringing the federal funds rate range to about 3.50–3.75% — the lowest level in nearly three years. This is the third consecutive cut in 2025.
2. Impact on the financial markets:
• The U.S. stock market reacted positively after the Fed cut interest rates, and the major indexes all rebounded.
• Global and domestic gold prices surged significantly after this decision, as lower interest rates make gold more attractive.
• The USD slightly depreciated against many other currencies.
