#DeepSeekImpact #Fomc The most important crypto event of the week will happen today.
The decision on whether the FOMC will increase or decrease interest rates will be announced.
Market experts say there is a 98% probability that interest rates will not be reduced! But there is something even more important than the rate decision!!
I’m talking about Powell's press conference, which will take place today.
Since the last FOMC meeting, several inflation metrics, like Core PPI, have come in lower than expected.
Additionally, due to DeepSpeak, the U.S. stock market experienced a major drop yesterday.
A few days ago, Donald Trump said he wanted to see lower interest rates, and I am hoping that Powell will share something positive in today's press conference!!
If that happens, the crypto market will recover, especially with an altcoin rally.
Do you remember? After the last FOMC meeting, when Powell called for lower rates, altcoin prices surged! Do you remember?
I hope Powell sounds bullish, otherwise, the stock and crypto markets will decline further. 😥😥😥