super wednesday united states usa federal reserve fomc fed funds (Image: REUTERS/Kevin Lamarque/File Photo)
The Federal Open Market Committee (Fomcin the English acronym) started the cycle of monetary easing in the USA (USA) and cut the fees of reference in 0,50 percentage point this Wednesday (18).
The rate, which had been in the range of 5.25% to 5.50% since July 2023, was reduced to 4,75% a 5% per year. This is the first cut in more than four years, a period in which the US central bank imposed restrictive conditions to contain the inflation.
The cut — which was even anticipated by the president of Federal Reserve (Fed) Jerome Powell — was already expected by the market.
Prior to the release, however, bets were divided between a 0.25 pp (39%) and 0.50 pp (61%) reduction, according to the CME FedWatch Tool. The expectation of a more hawkish was bigger — going to meet of today's decision.
The Fed Committee's decision it wasn't unânime, uma vez que Michelle W. Bowman votou pelo corte de 0,25 p.p. Votaram a favor do corte de 0,50 p.p: Jerome H. Powell, Chair; John C. Williams, Vice Chair; Thomas I. Barkin; Michael S. Barr; Raphael W. Bostic; Lisa D. Cook; Mary C. Daly; Beth M. Hammack; Philip N. Jefferson; Adriana D. Kugler; and Christopher J. Waller.