Breaking: Federal Reserve Announces 25 Bps Fed Rate Cut

Quick Summary:

The US Federal Reserve has announced a 25 basis point Fed rate cut, the third rate cut this year.

This development has further sparked a bullish sentiment in the crypto community, considering the impact it could have on crypto prices.

This interest rate cut is the third this year, following earlier Fed rate cuts in September and November.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: India

Topics: Fed rate cut Federal Reserve 24/7 Cryptocurrency News Bitcoin Regulation News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 19:00:22 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 175 words

Reading Time: 1 minutes read

Sentences: 28 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24539684

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 52 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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Publisher ID: #59

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