The Federal Reserve's decision to cut interest rates by 25 basis points was largely expected, but concerns arose as the bank indicated that rates may not be lowered further in the near future. Bitcoin's price fell 5% after Fed Chair Jerome Powell's comments, and other major indices also saw declines. However, experts believe that this is just a temporary dip in a continuing bull market. Traders should expect and be comfortable with 20% corrections during a bull market, according to Ryan McMillin of Merkle Tree Capital. Despite potential market volatility, economists believe that President-elect Donald Trump's proposed tariffs and efforts to stimulate economic growth will be positive for risk assets.



Other News from Today