Euro gives a scare to the peso in Colombia at the opening today, May 6

#FOMCMeeting Federal Reserve Maintains Rates, But Signals Caution Amid Persistent Inflation

Washington, May 6, 2025 – Binance Square

In its May meeting, the Federal Open Market Committee (FOMC) decided to keep interest rates in the current range of 5.25%–5.50%, in line with market expectations. However, the tone of the statement reflects increased caution in light of recent inflation data, which shows signs of resilience above the 2% target.

Highlights of the statement:

The Fed acknowledges progress in cooling the labor market, but warns of "persistent inflation" in key sectors.

Future increases are not ruled out if conditions require it.

Balance sheet reduction continues at a moderate pace.

Crypto market reaction:
Bitcoin and Ethereum showed slight volatility after the announcement, but stabilized upwards, with BTC trading near $61,500, reflecting relief over the absence of an immediate hike.#FOMC‬⁩