Big UPDATE: 🇺🇸 SUMMARY OF FED DECISION
- Fed cuts rates by 25 bps to 3.50%–3.75%
- 3rd rate cut of 2025
- Stephen Miran wanted a 50 bps cut
- Austan Goolsbee and Jeffrey Schmid preferred no cut
- Fed will begin purchasing ~$40B in Treasury bills over the next 30 days to maintain ample reserves
Source: Federal Reserve