Fed Cuts Rates Again as Economic Uncertainty Looms
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BTCCSquare news:
The Federal Reserve delivered its third 25bps rate cut this year, pushing the benchmark rate to 3.50%-3.75%. The MOVE comes amid mixed signals: job openings rose by 12,000 in October while hiring fell by 218,000. Markets reacted bullishly, with the Dow Jones gaining 230 points.
‘Uncertainty remains elevated,’ the Fed stated, noting increased downside risks to employment. The delayed January inflation data release—a 12-year first—has raised concerns among policymakers.
Crypto markets watched closely as traditional finance recalibrates. Bitcoin and ethereum held steady post-announcement, while riskier altcoins showed muted volatility. Exchange volumes spiked temporarily on Binance and Coinbase during the Fed’s livestream.
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