Thi Bretana wUsi

Summary of #FOMC: ➺ Fed cut rates by 25 bps ➺ Fed will buy $40B in T-bills over the next 30 days ➺ Powell said the labor market is weak ➺ T-bill purchases to stay high for a few months ➺ Solid economic growth expected next year ➺ Rate cuts will be decided meeting by meeting ➺ Inflation still too high ➺ No one expects a rate hike ➺ Job gains were overstated Overall tone: bullish for markets.$BTC #FOMCWatch