#ETHBreaks2k How do you understand the market by looking at FOMC data?

See above 99.3% people think that there will be no rate cut today i.e. it will remain the same as before. It means, the interest rate in the bank will remain as it was before.

And if the interest rate in the bank is good, everyone feels more safe to keep the money in the bank. So then they withdraw money from crypto and keep it in the bank or invest in bond type things.

On the other hand, if the bank reduces the interest, then everyone withdraws money from the bank and invests in crypto, forex, stocks, so we see a spike in the market when the rate is cut.