News Explorer — Federal Reserve Makes First Rate Cuts Since 2020

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Sep 18, 6:08 pm

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Federal Reserve Makes First Rate Cuts Since 2020

The Federal Reserve has initiated its easing cycle by lowering its benchmark interest rate by 50 basis points. This marks the first rate cut in four years and is accompanied by a decrease in the price of Bitcoin, Ethereum, and Solana. The Fed's decision is driven by a focus on supporting the cooling U.S. labor market and addressing inflation concerns.

The Federal Reserve has initiated its easing cycle by lowering its benchmark interest rate by 50 basis points. This marks the first rate cut in four years and is accompanied by a decrease in the price of Bitcoin, Ethereum, and Solana. The Fed's decision is driven by a focus on supporting the cooling U.S. labor market and addressing inflation concerns.

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