#FOMCMeeting The Quiet Pressure Behind the Pause
The Fed is expected to hold rates steady today — but don’t mistake silence for inactivity. Behind the scenes, reverse repo balances have plummeted below $400B, the lowest since 2021. That matters: it signals tightening liquidity at the institutional level.
With Q1 GDP at -0.3% and sticky inflation, Powell is walking a tightrope. He must calm markets without signaling panic. Any dovish hints today could fuel a risk-on rally — especially for $BTC , which thrives on looser monetary conditions.
Bonus insight: Watch how Treasury yields react post-speech. A sharp drop may front-run a summer rate cut — and crypto will notice.