๐๐ก๐ ๐๐ข๐ ๐ ๐๐ฌ๐ญ ๐๐ฏ๐๐ง๐ญ ๐๐ ๐๐ก๐ข๐ฌ ๐๐๐๐ค ๐จ๐จ
The FOMC rate cut decision is scheduled to happen on 30th Jan at 12:30 am IST
The market is forecasting a 99.5% probability of no rate cut this time.
But there is something even more important than the rate cut that is Jerome Powell's speech, which will happen on the same day.
Since the last #FOMC meeting, several inflation metrics data, like Core CPI and PPI, have come in lower than expected.
This could push #Powell and the FED to begin the rate cut again and to also increase the number of rate cuts forecast in 2025.
If that doesn't happen, the #crypto market could experience a sharp correction.
Keep an eye on this.
#fomc #CPIๆฐๆฎ #CPI_DATA #CPI&PPIๆฅ่ขญ๏ผ็พๅฝ้่ๅ่ฟ้๏ผ #PowellSpeech $BTC