Why The Federal Reserve Made A Huge Interest Rate Cut?

Quick Summary:

The US Federal Reserve decided on a 50 basis point (bps) interest rate cut following its FOMC meeting on September 18.

This huge Fed rate cut raised eyebrows as this was only the third time in recent history that the Central Bank had begun a rate cut cycle with a 50 bps.

That means that these equities and Bitcoin should perform well in the coming months since the US economy is currently not in a recession.

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Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: India

Topics: Bitcoin Events 24/7 Cryptocurrency News Fed rate cuts Federal Reserve Interest Rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 07:39:13 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 537 words

Reading Time: 3 minutes read

Sentences: 49 lines

Sentence Length: 11 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 22588870

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