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Bitcoin price surged above $94,000 today following a 25-basis-point rate cut by the Federal Reserve.
The Fed lowered its benchmark interest rate to 3.50%–3.75% to support maximum employment and contain somewhat elevated inflation amid moderate economic growth and slowing job gains.
This is the Fed’s third rate cut this year and the first since October. Most officials backed the move, while three dissented — one favoring a larger cut, two preferring no change.
Fed forecasts for 2026 and 2027 remain modest, with expectations for small rate reductions, 4.4% unemployment, and 2.4% PCE inflation.
The rate decision pushed the Bitcoin price higher, although markets had largely priced…
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