The Federal Reserve announced a *25 basis points interest rate cut* ‼️👑 lowering the rate to a range of 4.25%–4.5%‼️‼️
This is generally seen as *positive for markets because lower interest rates reduce borrowing costs*, encourage investment, and stimulate economic growth 📊🩸
However, the Fed also signaled that *future rate cuts will be slower*⚠️ due to persistent concerns about inflation. This cautious stance worried investors, leading to a major market sell-off 📉‼️
The *Dow Jones dropped over 1,100 points, and the crypto market followed*, with Bitcoin falling by 4% 💸. Investors are reacting to uncertainty about how inflation and slower rate cuts might impact the economy‼️‼️ $BTC