In a significant move to address economic concerns, the US central bank has lowered the federal funds rate by 0.25%. This decision comes amid growing pressure from President Trump and signs of a faltering economy. The publication provides the following information:
Federal Reserve Reduces Federal Funds Rate
On Wednesday, the Federal Reserve announced the reduction of the federal funds rate to a range between 4% and 4.25%. This adjustment aims to stimulate economic activity in light of troubling indicators, including a downward revision in job creation reports.
Market Reactions to the Announcement
Following the announcement, Bitcoin and other major digital assets experienced minimal fluctuations, indicating a cautious market response. In contrast, gold prices surged to a record high, reflecting investors' shift towards safer assets amid economic uncertainty.
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