Source: Public account Meow Sister Trading Diary
The Federal Reserve (Fed) concluded its interest rate decision meeting at midnight today (8th), with Powell announcing as expected to keep the federal funds rate unchanged in the 4.25% to 4.50% range, while emphasizing the potential risks of rising unemployment and inflation.
Federal Reserve keeps interest rates unchanged; Powell maintains policy patience.
After the Federal Reserve announced to keep interest rates unchanged at 4.5%, the dollar index initially fell to 99.50 due to persistent inflation and rising risks to its dual mandate. The policy statement was cautious, stressing that despite a robust labor market, uncertainty surrounding the economic outlook has increased.
Traders initially expected three rate cuts this year, but as the press conference unfolded, market confidence weakened.
Federal Reserve Chairman Powell provided a more detailed interpretation of the outlook, stating he 'cannot confidently articulate' the appropriate interest rate path and that the Fed 'cannot preemptively cut rates at this time.'
He emphasized the need for more data, urged patience, and pointed out that the current policy stance is 'slightly tightening.' These balanced remarks helped the dollar recover from lows, with the dollar index rising to 99.60, prompting traders to reassess the likelihood of forthcoming easing policies.
The market is currently focused on inflation and labor data to seek further clarity.
Bitcoin breaks through $98,000, heading for $100,000?
In the cryptocurrency market, Bitcoin briefly broke through $98,000, reaching a high of $98,379, the highest since the end of February, seemingly inspired by Trump’s earlier statement that a tariff agreement has been reached with a major country.
Other mainstream cryptocurrencies have yet to react and have even slightly declined.
Ethereum: $1,823, down 1.03% in the last 24 hours.
XRP: $2.12, down 1.91%
BNB: $602.41, down 0.26%
SOL: $147.8, down 0.78%
Quality targets in the AI sector: KAiTO
We decisively bought in yesterday, with a peak increase of 71%. Congratulations to those who kept up with the rhythm!
We encounter wealth opportunities every day, but we need to be good at discovering them. Follow me to continuously explore the upcoming 'potential stocks' that will rise, doubling coins, and I will share them with everyone at the first opportunity!
The targets are updated in real-time, friends who want to keep up, follow me!
Trump will announce major news at 10 PM tonight!
Brothers, the bull market in crypto is back, are you quickly returning to your positions?
Although the positive news focuses on trade agreements, it will more or less benefit the crypto market, mainly due to Trump's decision, which has a significant short-term impact on the crypto space. There may be a spike after 10 PM tonight, so pay attention to volatility! Long-term holders of coins have nothing to worry about!
Remember the crypto strategic reserve plan promoted by Trump before, naming Bitcoin, Ethereum, etc. to be included in reserves, which instantly ignited the market, with the total market cap of cryptocurrencies soaring by over $300 billion within hours!
BSC market daily report:
Animal system sweeping BSC leader $donkey retraced 50% from the high point, BSC sentiment has slightly decreased.
Flowing Dragon Two Gorilla just briefly surpassed the market cap of Donkey before a significant pullback.
Today's Dragon Two is likely: $ZOO Zoo
Ironclad Dragon One, flowing Dragon Two, hope Brother Donkey leads the BSC ecosystem meme to new highs.
