U.S. FED announced a 50 bps rate cut, bringing rates to 4.75%-5%.

Sept 19, 2024 Sept 19, 2024

Bitcoin surged 1.2% to $61,000 before falling below $60,000, now trading at $62,188.

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Ethereum rose 2.81% to $2,392.44 in response to the Fed’s rate cut announcement.

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Fed anticipates further rate cuts, projecting the median benchmark rate to fall to 4.4% by year-end.

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Jerome Powell says a strong U.S. economy and 4% unemployment, downplaying recession concerns.

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