#FOMCMeeting

FOMC Meeting The Federal Reserve holds rates, but warns about persistent inflation

Summary:

The U.S. Federal Reserve (FOMC) decided on May 1 to keep interest rates between 5.25% and 5.50%, as expected. However, Chairman Jerome Powell warned about the lack of significant progress in inflation during the first months of the year, which could delay the anticipated rate cuts.

Impact on the crypto market:

Bitcoin briefly fell below $59,000 after the announcement.

The dollar strengthened, putting pressure on risk assets.

The expectation of a first rate cut.