Federal Reserve Lowers Interest Rates, Ends Balance Sheet Reduction

Jerome Powel Bitcoin. Photo by BeInCrypto The Federal Reserve lowered its benchmark interest rate by 25 basis points to 3.75–4.00% on Wednesday, marking its second rate cut this year. The central bank said economic growth remains moderate while job gains have slowed and unemployment has edged up. Inflation, however, remains “somewhat elevated,” keeping the Fed cautious about further policy easing. Fed Balances Inflation and Labor Market Risks The decision also confirmed that the Fed will end quantitativ ...