Highlights of the Fed's monetary policy meeting minutes

1. The target range for the federal funds rate has been lowered by 25 basis points to between 4.00% and 4.25%, in line with market expectations.
2. The Fed's median forecast indicates that there will be a 50 basis point rate cut in 2025.
3. Fed Governor Milan opposed this interest rate decision, believing that rates should be cut by 50 basis points.
4, Among the 19 officials of the Fed, 1 official believes that there will be no interest rate cuts in 2025, 6 officials believe that there should be a cumulative interest rate cut of 25 basis points, which means one rate cut, 2 officials believe that there should be a cumulative interest rate cut of 50 basis points, which means two rate cuts, and 9 officials believe that there should be a cumulative interest rate cut of 75 basis points, which means three rate cuts. 1 official believes that there should be a significant interest rate cut of 150 basis points in 2025, which means that there will be at least two significant rate cuts within the year (75BP + 50BP).
5. Maintain the current inflation and unemployment rate forecasts, while raising economic expectations. The median inflation rate is still expected to be 3% by the end of this year, with the unemployment rate remaining at 4.5%. The forecast for economic growth has been raised from 1.4% to 1.6%.
6. After the Fed's decision was announced, the DXY dollar index plummeted in the short term, while non-US coins surged collectively. Spot gold once again broke above $3700/ounce before retreating, and US stocks rose then fell back. Traders increased their bets on at least one more rate cut by the Fed this year. #BTC战略储备市场影响 #XRP ETF上线 #美联储降息预期升温 #Gate广场创作点亮中秋 #Gate Alpha巅峰交易赛第五期