US Federal Reserve Chairman Jerome Powell announced another key rate cut to boost economic growth and boost employment, reports WSJ.
According to the chief executive, despite the current economic challenges, the country’s overall situation remains stable and encourages cautious optimism regarding future prospects.
He noted that there was a sharp change in the signal, like last timethere is no need for it. According to Powell, two cuts of 25 bps are possible in 2024. each.
On September 18, the Fed changed the key rate range to 4.75–5% per annum. The decline in the index occurred for the first time since March 2020.
Cryptocurrency market he answered in the affirmative to ease monetary policy in the United States.
Before that, experts FalconX name benefits of reducing the main rate for Ethereum.
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2024-10-01 16:49:41
#WSJ #Fed #Chairman #Announces #Rate #Cuts
