The Federal Reserve cuts federal funds rate by 25 basis points for the first time since December
Source: CoinWorld
Time: 2025-09-18 02:10:52
The Fed lowered its benchmark interest rate by 25 basis points to 4%-4.25%, citing slowdown in economic growth and a slowdown in labor markets. Previously, employment data in August was weak, with only 22,000 new jobs added, and the unemployment rate rose to 4.3%. Bitcoin rose 1% after the Fed announced a rate cut, and U.S. stock markets also rose.