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The Fed cut interest rates by 25 basis points
Source: Criptonoticias Original Title: The Fed announced its expected interest rate decision Original Link: https://www.criptonoticias.com/mercados/fed-anuncio-tasas-interes/
The US monetary policy regulator, the Federal Reserve (FED), announced a new interest rate cut.
As expected, the reduction was 25 basis points. The dollar interest rate is now at 3.75% annually (was at 4.00% annually before the announcement).
Although interest rate cuts are generally beneficial for bitcoin (BTC), the market remains calm for now.
Half an hour after the announcement, Fed Chairman Jerome Powell held a press conference. He explained that he cannot affirm nor deny if there will be rate cuts in the coming months.