The Federal Reserve cut interest rates by 25 basis points, setting a new target range of 3.5% to 3.75%. Comments from Chair Jerome Powell suggest only one more rate cut in 2026. Low rates boost risk-on assets like Bitcoin, but only 24.4% of traders expect a cut in January. Trump is considering Powell’s replacement, with Kevin Hassett as a frontrunner. Powell cites solid consumer spending and business investment, but inflation remains above target. The Fed lacks recent data due to the US government shutdown. Trump is pressuring the next Fed chair to cut rates as Powell’s term ends in May 2026.

Read more at Cointelegraph: Fed Slashes Rates for Third Time in 2025, but Uncertainty Looms