๐ On Wednesday, the Federal Reserve announced no change in interest rates after its two-day policy meeting, marking the sixth such instance since rates began increasing in March 2022.
๐ Persistent high inflation and a robust job market prompted the Fed to maintain current rates, with officials seeking further evidence of inflation moving toward their 2% goal before considering rate cuts.
๐ผ Fed Chairman Jerome Powell addressed uncertainty during a press conference, noting rising short-term inflation expectations but stable long-term indicators.
๐ฑ Market experts, like Mike Tauckus from BitOoda, predict Bitcoin could test lower support levels, possibly dropping to around $53,000 unless unexpected catalysts emerge.
๐ According to CME Group data, futures markets consider a rate cut by June unlikely, with expectations at around 9%.
โ๏ธ The Fed continues its cautious approach, balancing inflation control and economic growth, with investors and analysts closely watching future policy decisions.
