US Federal Reserve announces the first rate cut in the year by 0.25%

By Hannah Pérez

The Fed announced the first cut for interest rates in 9 months, and officials anticipate two other cuts this year. Now the ears are placed in the president’s statements, Jerome Powell.

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• The Fed announced the first cut for interest rates in 9 months.
• The officials project two other rates cuts this 2025, as reported.
• Bitcoin did not react immediately, he remains bassist.

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The United States Federal Reserve (FED) has just announced a cut of interest rates for 25 basic points or 0.25%.

The officials of the US Central Bank were aligned with market expectations to establish what marks the first reduction of rates so far this year, and the first since December 2024. The cut was the same size as the previous one, which since last year had left the rate of federal funds to a range of 4.25% – 4.50%.

Before the decision, the markets aimed at 96% probability of a 25 bp cut at the meeting of the Federal Open Market Committee (FOMC) of today, with almost void probabilities of a more aggressive reduction of 50 bp, according to Fedwatch of cme.

In his Wednesday statement, the Fed recognized the recent weakness of the labor market, pointing out a “deceleration“Of jobs. This was a change regarding the meeting July, when the bank described the labor market as “solid“He reported BBC.

While the Federal Reserve also warned about the risks of greater inflation, noting that the rhythm of price increase has “increased“, Projected more cuts this year. According to coverage, most Fed officials Now they expect two more cuts of a quarter quarter this 2025.

*** This is a development news and will be updated accordingly. Refresh the page to access the updated version.

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Hannah Estefania Pérez / Diariobitcoin

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