#MostRecentTrade š„ Decision on the FOMC interest rate and Powell's press conference in a couple of hours... š
š¢ The federal funds rate is expected to remain unchanged between 4.25% and 4.50%. Attention will focus on the FOMC statement and Powell's tone.
š£ Markets had priced in four rate cuts this year. If Powell's comments are aggressive, expectations could cool...
š¬ This could lead to a strengthening of the dollar. In such a scenario, the Nasdaq and the S&P 500 could come under pressure, and Bitcoin could also experience a short-term pullback as investors take a risk-off stance. šāļø