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S&P 500 crypto stocks tank after Fed’s controversial rate cut
Yahoo Finance·2025-09-17 21:12

The U.S. Federal Reserve lowered interest rates for the first time in nine months, cutting the federal funds rate by 25 basis points to a new target range of 4.00% to 4.25%. The move, backed by 11 of 12 voting members, comes amid slowing economic growth, weaker job creation, and a slight uptick in unemployment, despite inflation remaining above target. Crypto stocks saw mixed reactions. Coinbase (COIN) fell 2.20% Tesla (TSLA) slipped 0.65% Robinhood (HOOD) edged down 0.37%, MicroStrategy (MSTR) droppe ...