{"id":137462,"date":"2024-09-18T21:00:44","date_gmt":"2024-09-18T18:00:44","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137462"},"modified":"2024-09-18T21:00:52","modified_gmt":"2024-09-18T18:00:52","slug":"breaking-federal-reserve-finally-cut-interest-rates","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/breaking-federal-reserve-finally-cut-interest-rates\/","title":{"rendered":"BREAKING: Federal Reserve Finally Cut Interest Rates"},"content":{"rendered":"<p>During their two day meeting, the Federal Reserve announced a 0.50% interest rate cut &#8211; the first one in the past 4 years.<\/p>\n<p>Up until now, the benchmark rate stood at its highest point in 23 years, after the central bank introduced a flurry of rate hikes to tame the pandemic&#8217;s high inflation.<\/p>\n<p>The views on the potential consequences of this rate cut however are mixed. There is a debate going on about whether this cut will have a negative or positive impact on different markets.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/gloomy-outlook-for-u-s-economy-from-jpmorgan-ceo\/\" title=\"Gloomy Outlook for U.S. Economy from JPMorgan CEO\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/07\/usa-flag-broken-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Gloomy Outlook for U.S. Economy from JPMorgan CEO<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Speaking at the Token 2049 conference on September 18, BitMEX&#8217;s Arthur Hayes <strong><a href=\"https:\/\/cryptodnes.bg\/en\/fed-rate-cuts-could-crash-crypto-market-warns-arthur-hayes\/\">stated<\/a><\/strong> that the rate cut could lead to a crypto market crash.<\/p>\n<p>And he is not the only one who has doubts about the positive impact of the rate cut, not just for crypto, but for the stock market as well.<\/p>\n<p>Additionally, a group of Democratic senators, led by Elizabeth Warren, were <strong><a href=\"https:\/\/cryptodnes.bg\/en\/senators-push-fed-for-0-75-rate-cut-to-prevent-recession\/\">pressing<\/a><\/strong> Federal Reserve Chair Jerome Powell to implement a significant 0.75% reduction in interest rates to protect the U.S. economy and avoid recession.<\/p>\n<p>On the other hand, Tom Lee from Fundstrat <strong><a href=\"https:\/\/cryptodnes.bg\/en\/fed-upcoming-meeting-set-to-trigger-stock-market-surge\/\">predicted<\/a><\/strong> a major stock market rally following the FOMC meeting.<\/p>\n<p><em>&#8220;By itself, one rate cut isn&#8217;t a panacea for borrowers grappling with high financing costs and has a minimal impact on the overall household budget,&#8221;<\/em> noted Greg McBride, chief financial analyst at Bankrate. <em>&#8220;What will be more significant is the cumulative effect of a series of interest rate cuts over time.&#8221;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Federal Reserve meetings usually follow a predictable pattern, but this week\u2019s Federal Open Market Committee (FOMC) gathering was shrouded in uncertainty.<\/p>\n","protected":false},"author":3,"featured_media":1772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[60,27],"tags":[],"class_list":["post-137462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BREAKING: Federal Reserve Finally Cut Interest Rates<\/title>\n<meta name=\"description\" content=\"Federal Reserve meetings usually follow a predictable pattern, but this week\u2019s Federal Open Market Committee (FOMC) gathering was ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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