What did the Federal Reserve say and why did it cause the U. stock market to collapse? What happened in the Ashare market in the afternoon and who is counterattacking?
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In the early morning of December 19, the Federal Reserve cut interest rates by 25bp as expected, lowering the federal benchmark rate to 4.25%4.5%, which was fully in line with market expectations and the third consecutive interest rate cut this year. However, the path of interest rate cuts next year has become the biggest uncertainty and is also the fuse that led to the current global asset shock.
This time, there were rare dissenting votes at the Federal Reserve's greece phone number list interest rate meeting. The last time there were dissenting votes was at the meeting in September when the interest rate was suddenly cut by 50 basis points.
On Wednesday, the FOMC voted 11 to 1 to cut interest rates by 25 basis points, with Cleveland Fed President Beth Hammack dissenting in favor of keeping interest rates unchanged.
The closely watched dot plot showed just two rate cuts in , down from four forecast in September, with just five officials expressing support for more cuts next year.