Fed cuts rates by 25 basis points, signals end of QT by December as Bitcoin steadies near $111K

The Federal Reserve implemented its second consecutive rate cut of the year, lowering the federal funds rate by 25 basis points to a target range of 3.75–4%, which was largely anticipated by the market. Concurrently, the Fed confirmed that quantitative tightening (QT) will conclude by December 1, signaling a shift in its liquidity management strategy. Equities showed mild positive reactions following the announcement. Ahead of the decision, Bitcoin traded steadily near $111,300. The Fed reiterated its commitment to its dual mandate of maximum employment and price stability, noting moderate economic expansion despite somewhat elevated inflation. Markets are now looking toward comments from Fed Chair Jerome Powell for further policy direction.

(Source：Crypto Briefing)