#FOMCMeeting The Federal Open Market Committee (FOMC) meeting is taking place today, June 17, and tomorrow, June 18. Here’s what you need to know¹:
- *Interest Rate Decision*: The Fed is expected to maintain interest rates at the unchanged level of 4.25-4.50% due to concerns about inflation and tariffs imposed by Trump.
- *Inflation Concerns*: Tariffs could raise prices, introducing inflationary pressure, which may keep the Fed cautious about lowering rates.
- *Impact on the Cryptocurrency Market*: The cryptocurrency market is currently bullish, despite potential volatility related to the FOMC meeting. A rate hike or an unexpected decision could lead to a market crash.
*FOMC Meeting Schedule:*
- *Meeting Dates*: June 17-18
- *Announcement of Decision*: After the meeting on June 18
- *Chairman Jerome Powell's Speech*: Key takeaways from the meeting will be presented during Powell's speech on June 18
*Market Expectations:*
- *Rate Cuts*: The first rate cut is expected after the September FOMC meeting.
- *Impact on the Economy*: The Fed's decision will affect economic variables, including employment, production, and prices of goods and services.²