At 2PM UTC tomorrow, the FOMC rate cut decision will be released.
Right now, it's almost certain that there won't be any rate cuts, and the markets have already priced that in.
But there's one thing that will matter more than anything — the Powell press conference, which will happen 30 minutes after the FOMC decision.
Since the last FOMC meeting, inflation has come down while GDP has turned negative.
Both of these could push Powell to sound dovish, which would be very bullish for risk-on assets like crypto.
I also think the Fed could announce the end of QT, which has been ongoing since 2022.
Overall, if the Fed sounds bullish for the markets, this could be the moment for a major altcoin reversal. $ETH
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