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Freelance as an online project manager for digital marketing campaigns ✌️【Career Goals】✌️Smart investments start with ₹500. Grow your wealth with minimal risk!The U.S.
Federal Reserveloweredits benchmark fed funds rate by 25 basis points to the 4.25%-4.50% range, its third consecutive easing move this year and now marking a total of 100 basis points of rate cuts since September.Market participants had fully expected Wednesday's move by the central bank, butrecent datahad shown continued solid economic growth and perky inflation.
Freelance as an online project manager for digital marketing campaigns ✌️【Career Goals】✌️Achieve financial freedom with ₹500. Invest smart and earn fast!This turned the focus today to the policy statement, updated economic projections and the upcoming press conference with Chairman Jerome Powell for clues about the Fed's thinking on future policy actions.The Fed'squarterly economic projections— which include the "dot plot" indicating where the central bank expects the Fed funds rate to land over time — reveal that policymakers expect the Fed funds rate to decline to 3.9% by year-end 2025 or another 50 basis points in rate cuts next year.
Freelance as an online project manager for digital marketing campaigns ✌️【Career Goals】✌️Start with ₹500 and grow your wealth using AI-powered investment strategies.That's higher than the 3.4% projected in September, signaling a less dovish monetary policy in 2025.
Fed members' projections for Personal Consumption Expenditures (PCE) and core PCE inflation for next year rose to 2.5% from September's forecast of 2.1% and 2.2%, respectively.Already lower in the session, the price of bitcoin (BTC) turned lower from $104,000 following the announcement, dipping to around $101,000 as Fed Chair Jerome Powell's spoke to the press, down nearly 5% over the past 24 hours.Freelance as an online project manager for digital marketing campaigns Achieve Financial Freedom through Smart Investments