Fed decision — prepare for volatility (May 8, 02:00 Hanoi)
Key data:
- Rate will remain at 4.25-4.50%
- GDP -0.3%, but the labor market is strong (+177K jobs)
- PCE core inflation: 2.6% (above target of 2%)
What does this mean for the crypto market?
1. BTC/ETH — sharp reaction possible to any hints from the Fed
2. Altcoins — increased risk of liquidations during sharp movements
3. Scenarios:
- If Powell's tone is 'hawkish' — correction
- If he hints at rate cuts later — possible increase
Recommendations:
- Reduce leverage before the news
- Prepare liquidity for possible drawdowns
- Monitor Nasdaq — correlation remains high
(Event time: May 8, 02:00 Hanoi — set a reminder)
