The Federal Reserve announced on the 17th local time that it would lower the target range for the federal funds rate by 25 basis points to between 4.00% and 4.25%, in line with market expectations. This marked the first rate cut by the Fed in nine months, following its December 2024 announcement. U.S. stock futures soared. Bitcoin and Ethereum also rebounded after the Bitcoin price spike. #Ave #meme
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