Breaking: Fed Cuts Key Interest Rate By 25 BPS, QE to Start on Dec 1
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The post Breaking: Fed Cuts Key Interest Rate By 25 BPS, QE to Start on Dec 1 appeared first on Coinpedia Fintech News
The Federal Reserve has initiated a cut on its key interest rate by 25 bps to 3.75%-4% as expected. The Fed, however, noted that it will stop shrinking its balance sheet on December 1, 2025.
Following the announcement, Bitcoin (BTC) and the wider altcoin market recorded a mild gain. Furthermore, the low interest rate amid anticipated Quantitative Easing (QE) will mean more liquidity and demand for crypto amid an anticipated parabolic rally.
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