Let's Recap FOMC
I waited for the dust to settle before posting.
Powell tanked crypto đ - the main FOMC takeaway.
I donât fully understand the reaction. No one expected a rate cut, and equities are stable. Maybe just an âaltcoins being altcoinsâ moment.
What did Powell say?
The market got what it expected:
- No urgent need to cut rates
- The Fed is closely monitoring economic data
- Tariff uncertainties persist
- The usual cautious tone
I noticed a subtle shift from previous meetings. Maybe it's my crypto-induced paranoia, but Powell seemed more open to a September rate cut.
In prior meetings, he appeared resistant, as if cutting rates wasn't an option. This time, he seemed more receptive.
September rate cut odds jumped to 75% post-meeting. I believe we'll see that first cut in September.
This is the first time this year the probability of a rate cut exceeds that of no cut.