The Fed cut interest rates by 25 basis points, and Powell stated that it is a risk management measure.
According to news from Hashchain, the Fed announced a reduction of the federal funds rate by 25 basis points, lowering it from 4.25%-4.50% to 4.00%-4.25%, in line with market expectations. Following the announcement, the market reacted strongly, with the three major U.S. stock indices rapidly rising before quickly plummeting, and the U.S. dollar index briefly hitting a new low since 2025, before sharply rebounding, turning from a decline to an increase. This market volatility is closely relat
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