#FOMCMeeting The Federal Open Market Committee (FOMC) is meeting once again this week to assess the health of the economy and potentially adjust the federal funds rate.

After a series of interest rate hikes between March 2022 and July 2023, the Fed held its benchmark rate steady for over a year. However, in September 2024, the Fed announced a 50 basis point rate cut. It cut its target rate by another 25 bps in November, and again in December. The Fed has since held its target range steady at 4.25%-4.50%.$BTC $ETH $XRP