Source: Coindesk.com
“The time has come,” stated Fed chairman Jerome Powell back in August at the Jackson Hole central bank symposium. Last week, the Fed cut its federal funds target rate by 50 bps to 5.00% p.a. (upper limit) which was slightly more than markets had priced in before the FOMC meeting. In other words, the Fed positively surprised markets with this rate
Read More https://www.coindesk.com/markets/2024/09/25/the-fed-pivot-is-finally-here/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
The post "The Fed Pivot is Finally Here" appeared first here Coindesk.com.
Source: Coindesk.com
