Unchanged Rates To Crash Markets U.S. and Crypto Alike

The upcoming Federal Open Market Committee meeting on May 7 will discuss the possibility of a rate cut in the US market. However, the FedWatch tool suggests a 98.2% chance that the current rates will remain unchanged.

As the rates are expected to remain unchanged, reduced market liquidity and investor risk appetite could lead to short-term corrections.

Uncertainty in Dow Jones Index Warns of Correction Ahead

The Dow Jones, the US index of the top 30 companies listed on the US Stock Exchange, witnessed a slowdown on May 5, creating a doji candle. The uncertainty in the market kept the Dow Jones slightly above $41,000.