Major News Headlines for Today

1. The U.S. Fed. lowers The Key Interest Rate by 0.25%p...3rd consecutive reduction.
in 18th DEC, 2PM(U.S Time), The U.S. Federal Reserve(Fed) lowed The Key Interest Rate by 0.25%p. This aligns with market expectations and marks the third consecutive reduction following a 0.5%p decrease in September. As a result, U.S. interest rates have fallen to between 4.25% and 4.50%.

2. Powell "The Inflation is close to 2%, It's moving as we planned."
Jerome Powell, the Chairman of The U.S. Federal Reserve(Fed), stated in the FOMC press conference that "Inflation figures are approaching the target of 2%, which indicates that the U.S. economy is proceeding as the Fed has projected." He added, "According to the medium- to long-term direction of interest rates, which are progressing as predicted, the Fed's policy stance and future interest rate cuts will be moderated, and inflation will ultimately reach 2%."

3. Powell "No Concerns about the Recession", "The Interest Rate Hikes wouldn't be occur in next year"
Jerome Powell, the Chairman of The U.S. Federal Reserve(Fed), emphasized during the FOMC press conference that "despite the majority of forecasts predicting a slowdown in U.S. growth, but the current U.S. economy is very strong, and the possibility of a recession is low." He further stated, "There are also no geopolitical risks that could impact the U.S. right now, so the likelihood of interest rate hikes next year is low."

4. Powell "Under the policy, owning BTC is not possible."
Jerome Powell, the Chairman of The U.S. Federal Reserve(Fed) with the asking about the view on Bitcoin accumulation as a strategic reserve for the U.S. government, stated during the FOMC press conference, "Currently, this is not possible under the law, and the Fed does not have the legal authority in this regard. It is up to Congress to establish the necessary laws and regulations."

Joohoon Choi joohoon@blockstreet.co.kr