Breaking news for cryptons🤯💣

Massive Announcement at #FOMC Meeting Today

What #Bitcoin and #Crypto Traders MUST Know

1 #FOMC Meeting:

The Federal Open Market Committee (FOMC) is currently meeting to decide on the Federal Funds Rate.

Fed Chair Jerome Powell will announce the rate decision on November 1 at 2 PM ET.

2 Rate Expectations:

It's widely anticipated that the US Federal Reserve will keep interest rates unchanged at their current range of 5.25% to 5.5%.

This is a 22-year high, with the last rate hike occurring in July.

3 Market Impact:

Expert expects the Fed to maintain rates, which could be seen as bullish for stock markets.

4 Future Hikes:

While a pause in November is expected, it may not signal the end of rate hikes that started in 2022.

Powell has left the door open for future hikes if the economy continues to show steady growth.

5 Inflation and Economic Data:

The recent uptick in inflation and strong consumer spending have paved the way for potential future rate hikes.

The Fed's goal is to control inflation within its target.

$BTC #BTC #CEOPRINCECHAUHAN