#FOMCMeeting
๐ FOMC Meeting: Whatโs Going On? ๐บ๐ธ
Today, June 17, marks the start of the two-day FOMC (Federal Open Market Committee) meeting, which will decide the future of U.S. interest rates. ๐
๐ Whatโs Expected?
Despite pressure from President Trump to cut rates by 1%, analysts believe the Fed will keep rates unchanged at 4.25โ4.50%. ๐๐
๐ฅ Why It Matters:
- Markets are tense due to geopolitical unrest (IranโIsrael) and rising oil prices ๐ข๏ธ
- Cryptocurrencies are responding positively โ Bitcoin is holding above $106,000 ๐ฐ
- Investors expect the first rate cut to come only after the September meeting ๐
๐ค Tomorrow (June 18), Fed Chair Jerome Powell will hold a press conference to clarify the next steps. ๐ฃ๏ธ
๐ Summary:
The Fed is not expected to surprise and will likely hold rates steady. But markets are watching closely for signs of a future cut โ which could shake up not only stocks, but also the crypto space. ๐
