Summary
- The US Fed has indicated that the benchmark interest rate is expected to be cut by an additional 0.5% next year.
- This benchmark interest rate cut is the third consecutive reduction following last September's 0.5% 'big cut'.
- The US benchmark interest rate has fallen to the 4.25%~4.50% level as a result of this measure.
According to the December dot plot (interest rate projection indicator) of the Federal Open Market Committee (FOMC) on the 18th (local time), an additional 0.5% cut in the benchmark interest rate is expected next year.
Meanwhile, the Fed announced a 0.25%p cut in the benchmark interest rate today. This marks the third consecutive cut following the 0.5% 'big cut' last September. As a result, the US benchmark interest rate has fallen to 4.25%~4.50%.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
