The US Federal Reserve cut interest rates by 50 basis points, the first cut in four years, sparking high expectations in the markets. Bitcoin reached $60,900 after a sharp rally. While the chances of a rate cut were high at the beginning of the week, they eased on Wednesday. The rate hike cycle began in 2022 to control inflation. In contrast, the European Central Bank has made several rate cuts this year. Despite the media focus on the decision, Jamie Dimon downplayed its impact, calling for a focus on the real economy.

The European Central Bank (ECB) also took steps similar to the Fed in dealing with inflation, but it was quicker to start easing its monetary policy. In 2023, the ECB cut interest rates several times due to falling inflation in the eurozone. This move came in response to the various economic pressures facing European countries, especially with the slowdown in economic growth in some major countries.

However, the challenges facing the ECB are somewhat different from those facing the Fed. Inflation in the euro area has been more volatile, and the economic impact has varied across EU member states. This has prompted the central bank to adopt a more cautious approach, cutting interest rates gradually, while trying to balance stimulating growth with controlling inflation.

On the other hand, there has been debate among economists about whether the Federal Reserve has been slower to ease monetary policy compared to the European Central Bank. It is believed that the delay in cutting interest rates by the Federal Reserve may have an impact on the US economy, especially in light of the global slowdown and weak demand.

Ultimately, the moves of the Fed and the ECB reflect different strategies for addressing economic pressures in their regions, with each relying on its own tools to manage liquidity and stimulate the economy.