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《Federal Reserve Interest Rate Announcement — Beware of Market Changes》
This week’s biggest focus has arrived, the announcement of the Federal Reserve's interest rate, which is a point of interest for the entire cryptocurrency market. This interest rate will determine the future market trends, with immediate effects.
As of May 7, the previous Federal Reserve interest rate in the U.S. was 4.5%, market expectations were 4.5%, and the announced value was 4.5%, which had little impact.
Half an hour after this data is released, Federal Reserve Chairman Powell will start to speak. During these few hours, those who are trading need to pay special attention, as market fluctuations will vary with the content of Powell's speech.
Speeches are unlike data; the market has expectations. When the data released matches expectations, whether positive or negative, the market will have prepared in advance. However, speeches are filled with uncertainty and can vary widely. It is necessary to wait until the direction becomes clearer before proceeding with operations.