UPDATE #FOMC MAY: FED KEEPS INTEREST RATE UNCHANGED
The interest rate remains at 4.25–4.50% as expected by the market (98% according to CME FedWatch)
This is the third consecutive time the rate has not changed after a series of three cuts at the end of 2024 due to cooling inflation and a weak labor market
→ Reasons for keeping the interest rate unchanged:
Inflation is decreasing (CPI in March fell by 0.1%, annual inflation down to 2.4%)
The labor market remains strong (April continues to record stable job growth)
The economy is still growing well, despite increased risks from Trump's tax policies
→ Statements from Jerome Powell & Fed:
"No need to rush" – Fed remains cautious
Trump's tariffs could lead to: Increased inflation and rising unemployment
Inflation could be prolonged for another year due to taxes
Affirming independence, not influenced by political pressure
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Expectations for interest rate cuts this summer have sharply decreased, expected to possibly start in July, with 2–3 cuts this year.
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