The Fed announced a 25 basis point rate cut as scheduled, with the dot plot showing that there may be two more rate cuts this year.

According to the Wisdom Financial APP, the Federal Reserve announced on Wednesday that it would cut the federal funds target range by 25 basis points to 4.00%-4.25%. This move is in line with market expectations. The Federal Open Market Committee (FOMC) approved this decision with a vote of 11 to 1, showing a higher level of internal consensus than expected on Wall Street.