The Federal Reserve took a decisive step today by cutting interest rates by 25 basis points to 3.75%-4.00% and halting balance sheet reduction beginning December 1st. This move aligns with market forecasts, but reactions remain cautious as the potential impact on crypto markets remains unclear. The decision follows last week’s Fed meeting where a majority of voting members supported this action. 2-rate cuts in the past 3 months have shifted market sentiment. However, uncertainty remains due to dissent among some members – Kansas Fed Chair Jeffrey R. Schmid favored no change and Director Stephen I. Miran suggested another cut. This highlights the committee’s evolving stance on future rate adjustments, leading to further volatility.