#FOMCMeeting #FOMCMeeting

The Decision that Stopped the Market!🔥

The Federal Open Market Committee (FOMC), responsible for U.S. monetary policy, recently met and, as expected, decided to keep interest rates unchanged. However, what really shook the markets were the statements made by Federal Reserve Chairman Jerome Powell.

Key points from the meeting:

Interest rate held between 5.25% and 5.50%, as an attempt to curb the persistent inflation.

Powell stated that it is still early to cut rates, and that the Fed is prepared to act decisively if inflation data worsens.

Markets reacted with volatility, with the dollar rising and Bitcoin momentarily falling, reflecting investor nervousness.

Impact on the crypto market:

The expectation of higher interest rates for a longer period tends to pressure risk assets such as cryptocurrencies.

At the same time, the indication that the Fed is vigilant may generate confidence in decentralized assets like Bitcoin, in case of instability in traditional markets.