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Ari10 Express: Fed Decision and Political Developments in Europe

The Federal Reserve Continues Its Rate-Cutting Cycle

The Federal Reserve has decided to cut interest rates by 25 basis points, in line with market consensus. Given the rise in inflation to 2.7% in November, there is a growing risk that further rate cuts may be paused in the coming months.

Source: federalreserve.gov

Initiative to Establish Bitcoin Reserves in the European Parliament

French MEP Sarah Knafo announced a proposal before the European Parliament to establish EU Bitcoin reserves and to halt the issuance of the digital euro being developed by the European Central Bank.

Source: X

FTX Restructuring Plan

The FTX bankruptcy trustee has announced that the creditor repayment plan will take effect on January 3, 2025, marking the conclusion of the bankruptcy proceedings that have been ongoing since late 2022.

Source: restructuring.ra.kroll.com

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