FOMC Delivers Rate Cut, But Markets Signal Trouble Ahead

TLDR The Federal Reserve Open Market Committee reduced interest rates by 25 basis points on Wednesday. The new target range for the Federal Funds rate is now between 3.75% and 4.00%. Investors had already anticipated this rate cut, which limited its immediate market impact. Bitcoin dropped by 2.4% following the FOMC rate cut announcement and [...]

The post FOMC Delivers Rate Cut, But Markets Signal Trouble Ahead appeared first on Blockonomi.