whatwillBetheImpactinCrypto

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Federal Meeting what will be the impact in cryptocurrency?

The Fed will update its rate projections Wednesday. Here's what to expect

KEY POINTS

Fed officials at this week's meeting are expected to hold interest rates steady but adjust their views on the economy and possibly the future path of interest rates.

The committee could maintain its outlook for two cuts, remove one or both, or, improbably, add another as a statement of concern over a potential slowdown. Everything seems to be on the table.

Chair Jerome Powell and his colleagues in recent weeks have advocated a patient approach in which they don't need to be in a hurry to do anything.

Federal Reserve officials at this week's meeting are expected to hold interest rates steady but adjust their views on the economy and possibly the future path for interest rates.

If market pricing is correct, there's virtually no chance central bank policymakers budge from the current level of their key interest rate, targeted in a range between 4.25%-4.5%. Chair Jerome Powell and his colleagues in recent weeks have advocated a patient approach in which they don't need to be in a hurry to do anything.