The post HOT MOMENTS: FOMC Statement Released Following FED Interest Rate Decision, Contains Crucial Details appeared on BitcoinEthereumNews.com. At its October Federal Open Market Committee (FOMC) meeting, the Fed lowered its policy rate by 25 basis points to a range of 3.75-4.00%. This was the Fed’s second consecutive rate cut, and the decision fully aligned with market expectations. The FOMC statement noted that economic growth continues at a moderate pace and the unemployment rate remains low, despite slowing hiring. The committee noted that inflation has increased this year but remains high. Fed to End Balance Sheet Reduction Program on December 1st In a significant move, the Fed also announced the end of its monetary tightening program. According to the statement, the balance sheet reduction program will end on December 1st. Currently, the Fed was selling approximately $5 billion in Treasury bonds and $35 billion in mortgage-backed securities each month. The decision was not unanimous. Fed member Schmid opposed the decision to cut interest rates, arguing that they should remain unchanged. Member Milan, on the other hand, stated that a more substantial easing step was needed and voted for a 50 basis point cut. The Committee emphasized that uncertainty surrounding the economic outlook remains high and that it is closely monitoring risks on both sides of its dual mandate (price stability and employment). The Fed noted that downside risks, particularly on the employment side, have increased. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/hot-moments-fomc-statement-released-following-fed-interest-rate-decision-contains-crucial-details/The post HOT MOMENTS: FOMC Statement Released Following FED Interest Rate Decision, Contains Crucial Details appeared on BitcoinEthereumNews.com. At its October Federal Open Market Committee (FOMC) meeting, the Fed lowered its policy rate by 25 basis points to a range of 3.75-4.00%. This was the Fed’s second consecutive rate cut, and the decision fully aligned with market expectations. The FOMC statement noted that economic growth continues at a moderate pace and the unemployment rate remains low, despite slowing hiring. The committee noted that inflation has increased this year but remains high. Fed to End Balance Sheet Reduction Program on December 1st In a significant move, the Fed also announced the end of its monetary tightening program. According to the statement, the balance sheet reduction program will end on December 1st. Currently, the Fed was selling approximately $5 billion in Treasury bonds and $35 billion in mortgage-backed securities each month. The decision was not unanimous. Fed member Schmid opposed the decision to cut interest rates, arguing that they should remain unchanged. Member Milan, on the other hand, stated that a more substantial easing step was needed and voted for a 50 basis point cut. The Committee emphasized that uncertainty surrounding the economic outlook remains high and that it is closely monitoring risks on both sides of its dual mandate (price stability and employment). The Fed noted that downside risks, particularly on the employment side, have increased. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/hot-moments-fomc-statement-released-following-fed-interest-rate-decision-contains-crucial-details/