BREAKING: FED cuts interest rates by 0.5% as predicted; there are still 2 more interest rate cuts this year, Bitcoin pumps strongly In the meeting early this morning (September 19), the US Federal Reserve FED started the interest rate cut cycle and lowered the federal funds rate by 50 basis points to 4.75% - 5.00%, this is the first interest rate cut since the Covid pandemic month of March 2020. The US cut interest rates by 0.5% coincided with the majority of experts' previous predictions. However, the FED's 0.5% cut brought about two opposing opinions: On one side are positive investors, who believe that the FED's strong interest rate cut will boost cash flow, especially into risky assets like crypto. On the contrary, the FED's strong interest rate cut has increased many investors' concerns about recession. In the immediate future, the FED is likely to have 2 more interest rate cuts until the end of 2024, a total of 2 times that can reduce 0.5%. Immediately after the above news, the DOW index increased by more than 120 points to the highest level, the S&P500 increased by 30 points. Bitcoin from 59,700 USD to 60,980 USD.