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On September 18th, the Federal Reserve reduced its benchmark interest rate by 25 basis points to a range of 4.00% - 4.25%, which was in line with market expectations and resumed the rate-cutting cycle that had been paused since last December. (Xinhua)

On September 18th, as per a Federal Reserve FOMC statement, the newly appointed Federal Reserve Board member, who is supported by Trump, Michelle, expressed her opposition to this rate decision. She believed that a 50-basis-point rate cut should be carried out.

On September 18th, based on the forecast of the Federal Reserve, among the 19 officials, 9 anticipate cutting interest rates twice by 2025, 2 expect a single rate cut, and 6 do not foresee any further rate cuts. (FXStreet)

On September 18th, after the FOMC statement, the probability of the Fed reducing interest rates in October increased to 94% in the US rate futures market, which was higher than 71.6% before the statement. (FXStreet)

On September 18th, based on market data, the cryptocurrency "newbies" witnessed a downturn. The value of Figure decreased by nearly 10%. Gemini fell by almost 13% and is now trading at $24.55, which is more than 12% lower than its issue price of $28.

September 18th. According to IFR, which is a media outlet under Reuters. In addition to a 25-basis-point rate cut in this Fed decision, the first headline that market participants are likely to notice is that three or more officials dissented. Clearly, Bullard, Bowman, and Mester will hold three positions because they advocated for a larger rate cut. Furthermore, the dissenters may include Quarles, Schnabel, or Mousallem who preferred to keep rates unchanged. What traders are actually concentrating on is the FOMC's dot plot, namely whether it predicts only one more rate cut by 2025 or potentially two more cuts. Trump's strategy of removing Fed Governor Powell is probably intended to ensure that after today's rate cut, there will be two more cuts in 2025. (FXStreet)