The Federal Open Market Committee (FOMC) just met on May 1st

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The Federal Open Market Committee (FOMC) just met on May 1st, 2024. Here's a quick rundown of their decision: Interest Rates Held Steady: The FOMC decided to keep interest rates unchanged at the current target range of 5.25% to 5.5%. This marks the sixth consecutive meeting where rates haven't been adjusted. Inflation Concerns: Recent higher-than-expected inflation data has caused the Fed to be cautious about reducing rates. Future Rate Cuts Possible: While rates weren't lowered, some FOMC members might still be considering reductions later in 2024, depending on economic data. Powell's Press Conference: Chair Jerome Powell's press conference following the meeting will likely provide more clues about the Fed's future plans for interest rates. For quick updates that affects the market as this follow for more. #fomc #BTC‬ #ScamRiskWarning #REZ #Pepe

The Federal Open Market Committee (FOMC) just met on May 1st, 2024. Here's a quick rundown of their decision:
Interest Rates Held Steady: The FOMC decided to keep interest rates unchanged at the current target range of 5.25% to 5.5%. This marks the sixth consecutive meeting where rates haven't been adjusted.
Inflation Concerns: Recent higher-than-expected inflation data has caused the Fed to be cautious about reducing rates.
Future Rate Cuts Possible: While rates weren't lowered, some FOMC members might still be considering reductions later in 2024, depending on economic data.
Powell's Press Conference: Chair Jerome Powell's press conference following the meeting will likely provide more clues about the Fed's future plans for interest rates.
For quick updates that affects the market as this follow for more.
#fomc  #BTC‬  #ScamRiskWarning  #REZ  #Pepe  

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