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Fed credit rate decisions
The US Feds lowered the lending rate by 0.5%.
For the first time since 2020, the Feds cut the benchmark interest rate by 50 bps. ( 5.25-5.5% to 4.75-5%).
The market reacted to the news with a pummeling.
Key takeaways from Powell's press conference:
🟠The decision to cut the rate is due to confidence that the current level of inflation and employment allows for monetary easing;
🟠Inflation has fallen substantially, but Powell emphasized that continued cautious monitoring of the situation will be needed to achieve the 2% target;
🟠The Fed's decision reflects confidence that stability in the labor market can be maintained.
The Fed plans to continue cutting rates in the future, but will closely monitor economic data.

1000 $DEGEN Let’s see what it will lead to, I’m still interested in the development of events according to the decision on the interest rate👀