#FedHODL A simplified explanation of why we are positive today 💵🤑

The market reacted positively to the Federal Reserve's (FED) statement made yesterday around 4:30 pm (Brasília time), which stated that they will keep the US basic interest rate unchanged in the range of 4.25% to 4.50% per year.

The decision, thank God, was unanimous among the members of the Federal Open Market Committee (FOMC).

The FED chairman, the famous Jerome Powell (pictured below), stated that monetary policy is "well positioned" to 'fulfill the dual mandate of full employment and controlled inflation, indicating that there is no rush to adjust interest rates'.