1 AM tomorrow, #FOMC will announce the interest rate decision

Currently, there is a 97% chance that the Fed will not cut interest rates, meaning that the information about keeping the interest rates unchanged has already been priced in by the market.

However, it is noteworthy that 30 minutes later, Fed Chairman Jerome Powell will hold a press conference.

In this press conference, Powell will share the Fed's views on the economy and plans for the next 6 months.

If Powell's statements increase the likelihood of an upcoming interest rate cut → Bullish market.

If Powell's statements indicate a prolonged tightening of policy → Bearish market.

#FED #Bitcoin $BTC