{"id":14713,"date":"2025-10-29T20:24:08","date_gmt":"2025-10-29T20:24:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/feds-rate-cut-leaves-stock-crypto-markets-unsteady\/"},"modified":"2025-10-29T20:24:15","modified_gmt":"2025-10-29T20:24:15","slug":"feds-rate-cut-leaves-stock-crypto-markets-unsteady","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/feds-rate-cut-leaves-stock-crypto-markets-unsteady\/","title":{"rendered":"Fed\u2019s rate cut leaves stock, crypto markets unsteady"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Markets got the rate cut they wanted, but along with it, a sobering message from the Fed they didn\u2019t see coming. Jerome Powell\u2019s warning that more easing may not be in the cards this year rattled investors, sending the Dow into a reversal and triggering a bloodbath in the crypto market led by Bitcoin.<\/p>\n<div id=\"cn-block-summary-block_156fd17d00d9fcd12c8d7326f35366fa\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The Federal Reserve cut interest rates by 0.25%, lowering the benchmark range to 3.75\u20134%.<\/li>\n<li>Chair Jerome Powell signaled no guarantee of further cuts in December, citing inflation and labor risks.<\/li>\n<li>Stocks reversed record gains while Bitcoin and major cryptocurrencies tumbled, triggering a broad risk-off retreat.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>On October 29, the Federal Reserve <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20251029a.htm\" target=\"_blank\" rel=\"nofollow\">delivered<\/a> a widely anticipated quarter-point interest rate cut. Yet, in a move that caught the market off guard, Chair Jerome Powell promptly doused any expectations for a follow-up in December. The decision lowers the benchmark rate to a range of 3.75% to 4%.<\/p>\n<p>Initially, the news propelled the Dow Jones and S&amp;P 500 to fresh all-time highs. But those gains evaporated minutes into Powell\u2019s press conference. He underscored the Fed\u2019s data-dependent stance, pointing to elevated inflation and rising \u201cdownside risks to employment\u201d as conflicting forces that will keep the central bank on hold.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"is-style-default\">\u201cIn the committee\u2019s discussions at this meeting, there were strongly differing views about how to proceed in December,\u201d Powell stated. \u201cA further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it.\u201d<\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Markets reverse course as Powell tempers expectations<\/strong><\/h2>\n<p>The Dow Jones Industrial Average nosedived, surrendering a 200-point advance to finish the day down 166 points. The S&amp;P 500 fell 0.4%, and the Nasdaq Composite dipped 0.1%. In a matter of minutes, Powell\u2019s commentary had reframed the entire trading narrative, dragging markets from record intraday highs to a negative close.<\/p>\n<p>The turbulence wasn\u2019t confined to traditional finance. The crypto market, which has increasingly tracked the trajectory of tech stocks, endured an even sharper downturn. The total market cap was slashed by 2.5% in 24 hours, dropping to $3.78 trillion.<\/p>\n<p>Leading the decline, Bitcoin (BTC) recoiled from a daily high of $115,028 to hover around $110,271 as of press time, according to crypto.news data. The move wiped out over 2% of its value in just one hour, cementing a nearly 4% loss on the day. Ethereum (ETH) saw a 5.26% plunge that dragged its price from a peak above $4,116 down to $3,896.<\/p>\n<p>XRP, Binance Coin (BNB), and Solana (SOL) all registered losses of at least 3%. The parallel slides across both stock and crypto markets painted a clear picture: a sudden, broad retreat from risk.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Markets got the rate cut they wanted, but along with it, a sobering message from the Fed they didn\u2019t see coming. Jerome Powell\u2019s warning that more easing may not be&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8394,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14713"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14713\/revisions"}],"predecessor-version":[{"id":14714,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14713\/revisions\/14714"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8394"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}