Fed Signals Slower Rate Cuts as Economic Outlook Shifts – BitRss

The Federal Reserve has announced its decision on interest rates, indicating a departure from the best-case scenario that many had anticipated. Following weeks of statements from Fed members and the release of the last two inflation reports, signals of a slowdown in the pace of interest rate cuts have been apparent. The details of today’s decision have significantly dampened optimism for the upcoming year. What is happening in the world of cryptocurrencies?

Statements from the Fed Chair

Market expectations are solidifying around the Fed potentially implementing two interest rate cuts next year. If data confirming a continued decline in inflation does not materialize, the Fed may pause rate cuts during the January meeting. This could undermine the bullish scenario supported by monetary easing, alongside macroeconomic support bolstered by reduced regulatory pressure.

Key Updates from Powell’s Address

Powell is making statements as this article is being prepared, and we will update key points here in real time:

• Powell has started speaking.
• Powell: We are focused on two objectives. The labor market remains robust.
• Powell: Economic activity is expanding steadily.
• Powell: Consumer spending is resilient and business investments have strengthened.