HOT MOMENTS: FOMC Statement Released Following FED Interest Rate Decision, Contains Crucial Details

At its October Federal Open Market Committee (FOMC) meeting, the Fed lowered its policy rate by 25 basis points to a range of 3.75-4.00%. This was the Fed's second consecutive rate cut, and the decision fully aligned with market ￰0￱ FOMC statement noted that economic growth continues at a moderate pace and the unemployment rate remains low, despite slowing ￰1￱ committee noted that inflation has increased this year but remains ￰2￱ News: BREAKING NEWS: Fed Announces Its Much-Anticipated Interest Rate Decision - Here's Bitcoin's First Reaction Fed to End Balance Sheet Reduction Program on December 1st In a significant move, the Fed also announced the end of its monetary tightening ￰3￱ to the statement, the balance sheet reduction program will end on December 1st.

Currently, the Fed was selling approximately $5 billion in Treasury bonds and $35 billion in mortgage-backed securities each ￰4￱ decision was not ￰5￱ member Schmid opposed the decision to cut interest rates, arguing that they should remain ￰6￱ Milan, on the other hand, stated that a more substantial easing step was needed and voted for a 50 basis point ￰7￱ Committee emphasized that uncertainty surrounding the economic outlook remains high and that it is closely monitoring risks on both sides of its dual mandate (price stability and employment). The Fed noted that downside risks, particularly on the employment side, have increased. *This is not investment ￰8￱ Reading: HOT MOMENTS: FOMC Statement Released Following FED Interest Rate Decision, Contains Crucial Details