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The Federal Reserve's latest policy meeting concluded with a 25 basis point rate cut, while also revealing plans to purchase $40 billion worth of Treasury securities over the next 30 days.
Let's start with the key decision: the target range for the federal funds rate was lowered to 3.50%-3.75%. However, the voting was not entirely unanimous—Stephen Milan believed a larger cut of 50 basis points would be better, while Austin Goolsby and Jeffrey Schmeid advocated for holding steady.
The meeting statement highlighted several key points:
Inflation: Has risen compared to the beginning of the year b
View OriginalLet's start with the key decision: the target range for the federal funds rate was lowered to 3.50%-3.75%. However, the voting was not entirely unanimous—Stephen Milan believed a larger cut of 50 basis points would be better, while Austin Goolsby and Jeffrey Schmeid advocated for holding steady.
The meeting statement highlighted several key points:
Inflation: Has risen compared to the beginning of the year b