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Crypto markets failed to rally on Wednesday, September 17 after Federal Reserve policymakers cut benchmark rates for the first time since December.
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Fed Cuts Rates for First Time This Year The New York TimesFed announces first rate cut in nine months, signals more reductions to come CNNFederal Reserve cuts interest rates for the first time this year NBC NewsFederal Reserve issues FOMC statement Federal Reserve Board (.gov)Fed rate cut expected but 'real surprise' is economic outlook, says quant CEO Fortune
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The U.S. central bank is widely expected to cut interest rates for the first time this year, despite the economy sending mixed signals.
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The Fed is likely to lower interest rates by a quarter percentage point Wednesday in an effort to cushion the sagging job market. The move comes as policymakers face growing pressure from Trump.
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