Powell’s December Shock: Fed Cuts Rates, But Hawkish Powell Guidance on December Spooks Investors; Bitcoin Slides
Powell’s December Shock: In line with previous guidance and market expectations, the U.S. Federal Reserve lowered its benchmark interest rate by 25 basis points, setting a new target range of 3.75%–4.00%. The decision, widely anticipated by analysts, reflects the central bank’s continued attempt to balance inflation concerns with slowing economic growth. However, the financial markets … Read more