FOMC MEETING UPDATE 🚨

The Federal Reserve is expected to keep interest rates unchanged at 4.25% to 4.50%, given persistent inflation and a strong labor market. However, analysts see a 25% chance of future rate hikes if inflation rises further.

For the crypto market, a Hawkish FED stance (signaling higher or prolonged rates) could be bearish, while a dovish stance (indicating potential rate cuts) might be bullish.

Overall outcome is expected to be bearish because the Fed is not signaling any rate cuts yet. Higher interest rates usually put pressure on crypto prices.

All eyes are on Fed Chair Jerome Powell’s speech at 1:00 AM (BD) (GMT): 7:00 PM  for further market direction.