Federal Reserve cuts interest rates by 1 basis point as expected! Bitcoin and Ethereum fluctuate, and U.S. stocks see gains during midday trading

Taiwan Time December 11, 3:00 AM, the Federal Reserve (Fed) announced its latest interest rate decision as scheduled. During this FOMC meeting, the Fed decided to continue cutting interest rates by 25 basis points, lowering the federal funds rate from 3.75%~4% to 3.5%~3.75%. (Background: Trump stated that rate cuts are a test for the Fed Chair and may adjust tariffs to lower prices of some goods) (Additional context: US November ADP employment figures plummeted by 32,000, “far below expectations”! The probability of a rate cut by the Fed in December remains at 88.8%) Taiwan Time December 11, 3:00 AM, the Federal Reserve (Fed) announced its latest interest rate decision as scheduled. During this FOMC meeting, the Fed decided to continue cutting interest rates by 25 basis points, lowering the federal funds rate from 3.75%~4% to 3.5%~3.75%. Nick Timiraos, a Wall Street journalist known as the mouthpiece of the Fed, posted on X platform that the post-meeting statement shows three Fed officials dissented: Goolsbee and Schmid opposed further rate cuts, while the super dove Miran believed a 50 basis point cut was appropriate. This indicates that internal disagreements within the Fed remain serious. FOMC cuts by 25 bps as expected Three dissents: Goolsbee and Schmid opposed the cut. Miran wanted a 50 bps cut. The SEP shows six of 19 officials did not favor a cut The median dot remains unchanged for 2026 The Fed will start “reserve management purchases” this week, beginning at… pic.twitter.com/r2O4KvHtJO — Nick Timiraos (@NickTimiraos) December 10, 2025 Additionally, the Fed dot plot shows that in 2026 and 2027, there are expected to be two 25 basis point rate cuts. Among the 19 officials: 7 believe rates should not be cut in 2026; 4 believe a cumulative 25 basis point cut is appropriate in 2026; 4 believe a cumulative 50 basis point cut is appropriate in 2026; 2 believe a cumulative 75 basis point cut is appropriate in 2026; 1 believes a cumulative 100 basis point cut is appropriate in 2026; 1 believes a cumulative 150 basis point cut is appropriate in 2026. Bitcoin fluctuates wildly due to the Fed rate decision and dot plot. Bitcoin initially surged past $93,000 but then faced selling pressure, dropping to a low of $91,750. At the time of writing, Bitcoin is temporarily at $92,930. US stocks turn higher On the US stock front, the four major indices turned upward during the session: Dow Jones Industrial Average: up 0.66%, or 316.13 points, to 47,880.19; Nasdaq Composite: up 0.068%, or 16.11 points, to 23,592.6; S&P 500: up 0.37%, or 25.47 points, to 6,866.29; Philadelphia Semiconductor Index: up 0.7%, or 51.79 points, to 7,418.61. Related reports 2026 Global Central Bank Divergence: Europe, Australia, and Canada may shift to rate hikes, with the Fed becoming a minority in rate cuts? Not just rate cuts? Former NY Fed expert: Powell may announce a $45 billion bond purchase plan Bitcoin spikes to $88,000! CoinShares: BTC reserve company speculative bubble has burst, can next week’s Fed rate cut help? “Federal Reserve’s 1 basis point rate cut as expected! Bitcoin and Ethereum fluctuate wildly, US stocks see intraday gains” This article was first published on BlockTempo, a leading blockchain news media.