BREAKING: Expected Big Moment Arrives, FED Announces Interest Rate Decision – Here is Bitcoin’s First Reaction

According to the last minute information announced, the FED lowered interest rates by 50 basis points.

Before the rate decision, Polymarkets data gave almost equal probabilities for 25 basis point and 50 basis point cuts. CME Fedwatch data priced a 50 basis point cut at 54% and a 25 basis point cut at 46%.

Bitcoin price reacted to the interest rate decision as follows:

Now, FED Chairman Jerome Powell’s press conference, which will start at 21:30, will be followed carefully. As Bitcoinsistemi.com, we will also convey to you live what Powell conveyed.

While it’s been a steady (but grueling) journey to bring inflation down from its peak of 9.1% in 2022, the bumpy first half of this year has proven otherwise, vindicating the Fed’s patience. “Inflation has been coming down in 2022 and 2023 without having a big impact on employment conditions or the U.S. consumer,” Oscar Muñoz, chief U.S. macro strategist at TD Securities, told CNN. After that, Fed officials likely realized that “the level of interest rates since the July rate hike of last year was probably sufficient to keep inflation from accelerating while protecting the economy,” Muñoz said.

*This is not investment advice.

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