#FOMCMeeting 🚨 *The Decision That Shook the Market!* 🔥
The *Federal Open Market Committee (FOMC)* , responsible for U.S. monetary policy, recently held its meeting and, as expected, decided to *keep interest rates unchanged* . However, what truly impacted the markets were the statements made by *Federal Reserve Chairman Jerome Powell* .
*Key Takeaways: *
- *Interest rates remain between 5.25% and 5.50%* in an effort to curb persistent inflation.
- *Powell emphasized* that it's still too early to cut rates and that the Fed is prepared to act decisively if inflation worsens.
- *Market reactions were volatile* , with the *dollar rising* and *Bitcoin briefly dropping* , reflecting investor uncertainty.
*Impact on the Crypto Market: *
- The expectation of *higher interest rates for longer* tends to pressure *risk assets* like cryptocurrencies.
- At the same time, the Fed’s *vigilance* could strengthen confidence in *decentralized assets* like Bitcoin, especially during instability in traditional markets.
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