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The Federal Reserve (Fed) made the following decisions at the recent Federal Open Market Committee (FOMC) meeting: For the third consecutive time, a rate cut of 0.25 percentage points: The Fed decided to lower the target range for the federal funds rate by 1 basis point (0.25 percentage points), with the latest target range currently at 3.50% to 3.75%. Divergence in decision-making: The voting result for this rate cut was 9 to 3, marking the first time since 2019 that there were three dissenting votes, indicating a clear divergence within the Fed on the necessity of continuing rate cuts (balancing the soft labor market and inflation risks). Initiating the purchase of short-term government bonds: The Fed also announced that it will begin purchasing short-term government bonds (expected to be $40 billion per month) to maintain liquidity in the financial markets and ensure ample reserves in the banking system. 📈 Outlook for future rate cuts and the 'dot plot' The market's focus has shifted to whether the Fed will continue to cut rates in the future. According to the latest forecasts from Fed officials (referred to as the 'dot plot'), the pace of future rate cuts is expected to slow: 2026 expectation: Cut by 1 basis point 2027 expectation: Cut by 1 basis point
Solana ETF Outlook: Market analysts estimate that the likelihood of Solana ETF (Exchange-Traded Fund) receiving approval from the U.S. Securities and Exchange Commission (SEC) is very high (some estimates as high as 90%), which is considered a significant positive factor that could attract substantial institutional capital inflows. Banking Trading Services: The French BPCE group's bank has launched cryptocurrency trading services through its app, allowing 2 million customers to directly purchase SOL, BTC, ETH, and USDC. This marks further recognition of Solana by traditional financial institutions. Corporate Collaboration: There are reports that Cash App plans to launch a Solana-powered USDC payment service in 2026, following another significant progress in the payment sector after its collaboration with Western Union.