The FED announced its interest rate decision, which was eagerly awaited by all markets. As expected, the Fed cut interest rates by 25 basis points. Now, all eyes will be on the meeting to be held by FED Chairman Jerome Powell at 22:30 (30 minutes later). As Bitcoinsistemi.com, we will also broadcast this speech live. Here are the first reactions from Bitcoin after the decision: FED FOMC statement: Cleveland Fed President Hammack opposed the interest rate decision and supported not cutting rates. The Fed will evaluate data regarding the scope and timing of future actions. Fed officials expect inflation to reach 2% in 2027, while that figure was previously forecast for 2026. It was confirmed that labor market risks and inflation targets remain roughly in balance. The US Federal Reserve (FOMC) raised its median forecast for personal consumption expenditures inflation to 2.5% in 2025, from 2.1% in September. The Fed's dot plot shows the median estimate for the federal funds rate at the end of 2026 is 3.4%. (September's estimate was 2.9%) Cleveland Fed President Beth Hammack, who voted at this month’s meeting, said earlier in the month, “We are at or near the point where it makes sense to slow the pace of rate cuts.” Hammack said she believes the central bank may have lowered interest rates enough to approach what is called a “neutral rate,” where interest rates are at the level best suited to spur sustained economic growth without fueling inflation. Related News: Investment Company CIO Announces Bitcoin Price Prediction: “If This Happens, Even $200,000 Will Look Strange” Former Boston Federal Reserve President Eric Rosengren said he would oppose a rate cut at this meeting if he were still at the central bank because the policies President-elect Donald Trump campaigned on risked causing inflation to rise again. “Lower taxes, immigration and tariffs (are) all likely to be inflationary,” he told CNBC this week. “We don’t know the magnitude of those changes. The policy hasn’t been articulated very clearly yet, but the direction is certainly going to make it harder to hit the Fed’s 2% inflation target.” *This is not investment advice. Continue Reading: BREAKING: The Anticipated Moment Has Arrived! FED Announced Interest Rate Decision! Here is Bitcoin’s First Reaction
