Key Points from the Latest Fed FOMC Statement 1. Interest Rate Adjustment: Cut rates by 25 basis points to 3.50%-3.75%, marking the third consecutive rate cut; Milan advocated for a 50 basis point cut, while Goolsbee and Schmid supported keeping rates unchanged. 2. Rate Outlook: Will consider the magnitude and timing of future rate adjustments. The median dot plot remains unchanged from September, with one rate cut expected each in the next two years. 3. Inflation Trends: Inflation has risen since the beginning of the year and remains high, consistent with previous statements. The SEP report lowers next year’s inflation forecast. 4. Economic Performance: Moderate economic expansion, with high uncertainty in the outlook (no change in wording). GDP growth forecasts for the next three years have been revised upward across the board. 5. Job Market: Removed the description of unemployment as "low," noting that downside risks to employment have increased in recent months. The unemployment rate forecast for next year remains at 4.4%. 6. Reserve Bond Purchases: Treasury purchases to begin on December 12, with plans to buy $40 billion within 30 days; the cap on the standing overnight repo facility has been removed. $BTC