#fomc

#fomc

The FOMC faces a pivotal decision on whether to cut interest rates and by how much, amid mixed economic indicators.

FOMC maintained rates at 5.25% - 5.50% as expected, with a hawkish revision for 25bp of cuts this year in the 'dot plot.' Policy likely to remain accommodative.

The Federal Reserve is likely to cut interest rates in September 2023, marking the first reduction since March 2020.

Underlying price pressures in the US economy remain stubborn, making the return to a 2% inflation target challenging.

The FOMC is expected to hold interest rates steady as it monitors inflation and economic growth.

The Federal Open Market Committee (FOMC) hinted at a rate cut in the near future, evolving from a focus on inflation to risks on both sides of the dual mandate.

Traders anticipate a rate cut from the FOMC, influencing sentiments in Bitcoin and the broader cryptocurrency market.

Diverse opinions within the FOMC prevent serious errors in economic decision-making.

Outflows offset minor inflows for altcoins due to BTC losses. FOMC's hawkish stance on interest rates impact crypto markets.

The FOMC's hawkish rate cut surprised markets and resulted in significant declines in equities, despite expectations of a more dovish stance.

Markets focused on FOMC decision, emphasizing the normalization pace of rates over the magnitude of cuts.

Bitcoin is seeing renewed stability around $59,000, with traders eager for forthcoming FOMC interest rate announcements.

Markets closed at record highs as investors favored risk on sentiment following a 50bp cut from the FOMC.

The GBP has potential to rise further despite a slight decline, aided by diverging monetary policies between the BoE and FOMC.