The Federal Reserve announced a 25 basis point interest rate cut

ChainCatcher message, the Federal Reserve concluded its 2024 annual interest rate decision, deciding to lower the benchmark interest rate by 25 basis points to a range of 4.25%-4.50%, marking the third consecutive rate cut, in line with expectations.

In this year's eight decisions, the Federal Reserve has cumulatively cut rates by 100 basis points, consisting of one 50 basis point cut, two 25 basis point cuts, and five instances of maintaining the rate. (Jin Shi)