The Federal Reserve (FED) has decided to lower interest rates by 50 basis points. Prior to the decision, there were equal probabilities for cuts of 25 basis points and 50 basis points. Bitcoin price reacted to the interest rate decision. The FED Chairman Jerome Powell's press conference will be closely watched. Inflation has been coming down without impacting employment or the U.S. consumer. The level of interest rates since July last year was likely sufficient to prevent inflation from accelerating while protecting the economy. This is not investment advice.



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