The December Federal Reserve meeting caused market turmoil, with Jerome Powell announcing fewer rate cuts and a hawkish stance. The Fed cut rates by 25 basis points but projected only two additional cuts in 2025, down from four. Powell expressed optimism about the US economy's resilience despite inflation concerns, which have led to revised forecasts. The stock market reacted negatively, with significant declines in major indices and a surge in the dollar. Powell also dismissed the idea of a US government-backed Bitcoin reserve. Teljes cikk (Euronews.com)