BREAKING NEWS: Fed Announces Its Much-Anticipated Interest Rate Decision – Here’s Bitcoin’s First Reaction

The FED cut interest rates by 25 basis points, in line with ￰0￱ 21:30 (UTC+3) FED Chairman Jerome Powell will hold a press ￰1￱ were giving a nearly 100% probability that the Federal Open Market Committee (FOMC) would cut interest rates by 25 basis points for the second consecutive time. Bitcoin's initial reaction was as follows: This move lowered the federal funds rate to a range of 4 to 4.25 percent. However, committee members face significant debate over the pace of further reductions, the lack of economic data, and the timeline for reducing the holdings of Treasurys and mortgage-backed securities on the Fed's balance ￰2￱ News: Signs Emerge That the Government Shutdown Crisis in the US May Soon Be Resolved Bill English, a Yale professor and former director of monetary policy at the Federal Reserve, described the current period as one of “real disagreement”: While some members believe the rate-cutting cycle should continue, others believe there should be no ￰3￱ want more cuts immediately, while others advocate a wait-and-see ￰4￱ member Stephen Miran, who called for a 50 basis point cut at the September meeting but cast the sole dissenting vote in a vote where the majority supported a 25 basis point step, was expected to advocate for a more aggressive reduction this time ￰5￱ contrast, Cleveland Fed President Beth Hammack, Dallas Fed President Lorie Logan and ￰6￱ Fed President Jeffrey Schmid are cautious about further interest rate cuts. *This is not investment ￰7￱ Reading: BREAKING NEWS: Fed Announces Its Much-Anticipated Interest Rate Decision – Here’s Bitcoin’s First Reaction