A Tough Signal from the Fed

🔲The Federal Reserve’s decision to cut rates to 3.5–3.75% proved far less encouraging for markets than anticipated. Despite the reduction, internal disagreements within the committee and Jerome Powell’s more hawkish commentary underscored lingering uncertainty around the future policy path. The Fed’s renewed purchases of $40 billion in short-term T-bills added another, albeit technical, measure aimed at easing conditions.

🔲The crypto market reacted with a pullback: Bitcoin and other major assets declined, reflecting heightened caution among investors. Analysts note that the mix of dovish signals and signs of economic cooling is creating an ambiguous backdrop, prompting market participants to proceed carefully while awaiting clearer guidance from the regulator.