📢 #FOMCMeeting – What the Fed Just Decided 🏛️📊
The U.S. Federal Reserve just finished their latest meeting, and here’s what they said:
🔹 Interest Rates Stay the Same
They didn’t change the rates — still between 5.25% to 5.50%.
But… they now expect only 1 rate cut in 2024, not 3 like before. That’s a big change. ⚠️
🔹 Why No Cuts Yet?
Inflation is still too high 📈
Job market is still strong 💼
The Fed wants to see more proof that prices are coming down before they cut rates.
🔹 What Did Powell Say?
Fed Chair Jerome Powell said they’re being careful.
They won’t lower rates too fast — they need to be sure inflation is under control. 🧐
🔹 How the Market Reacted
The U.S. dollar got stronger 💵
Bitcoin and Ethereum didn’t move much yet, but traders are watching closely 👀
Some experts think fewer rate cuts could slow down the next big crypto rally
📉 So with just one cut expected this year, what do you think will happen next?
Will this slow down the crypto market or not?
💬 Drop your thoughts below 👇
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