#FOMCMeeting
The Decision that Stopped the Market!🔥
The Federal Open Market Committee (FOMC), responsible for U.S. monetary policy, recently met and, as expected, decided to keep interest rates unchanged. However, what really moved the markets were the statements made by the Federal Reserve Chairman, Jerome Powell.
Key points from the meeting:
Interest rate maintained between 5.25% and 5.50%, as an attempt to contain inflation that remains resilient.
Powell stated that it is still early to cut rates, and that the Fed is prepared to act decisively if inflation data worsens.
Markets reacted with volatility, with the dollar rising and Bitcoin momentarily falling, reflecting investor nervousness.
Impact on the crypto market:
The expectation of higher interest rates for a longer period tends to pressure risk assets like cryptocurrencies.
At the same time, the signal that the Fed is vigilant may generate confidence in decentralized assets like Bitcoin, in case of instability in traditional markets.
