Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
The Federal Reserve cuts interest rates by 50 basis points, marking the first rate cut in four years

The Federal Reserve cuts interest rates by 50 basis points, marking the first rate cut in four years

Bitget2024/09/18 23:13

PANews reported on September 19 that the Federal Reserve has lowered the federal funds rate by 50 basis points to 4.75%-5.00%, marking the first rate cut since March 2020.

The Fed has raised rates eleven times consecutively from March 2022 to July 2023, with a total increase of 525 basis points. Over the past year, the Fed has maintained the target range for the federal funds rate between 5.25% and 5.5%, which is its highest level in twenty-three years.

Dot plot projections show that by end of year in December, it's expected that: 
- In December of each respective year:
    - The federal funds rate will be at around:
        - For Year End (YE) Dec '24: ~4.4%
        - YE Dec '25: ~3.4%
        - YE Dec '26: ~2.9%
        - YE Dec '27: ~2.9%

- By June of each respective year:
    - The federal funds rate will be at around:
        - Jun'24 :~5.1%
        - Jun'25 :~4.1%
        - Jun'26 :~3.1%

In addition, long-term expectations for the federal fund's interest rates are projected to be approximately at about ~2..9% with an estimate for June being slightly lower at about ~2..8%.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!