The Fed cut interest rates by 25bps to 4.00–4.25%, in line with market expectations. The decision was not unanimous, with newly confirmed temporary Governor Stephen Miran dissenting in favor of a larger 50bps cut. However, notable doves Christopher Waller and Michelle Bowman aligned with the majority, helping to anchor the outcome around the base case. […]The post Fed cuts 25bps, projections signal two more moves this year appeared first on Action Forex.