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**Short Summary of the FOMC**
The June 2024 FOMC meeting resulted in maintaining the federal funds rate at 5.25% - 5.50%.
Key points include:
- **Rate Decision:** The federal funds rate remains unchanged for the sixth consecutive meeting
- **Economic Growth:** The economy continues to grow solidly with strong job gains, although inflation remains high (Home).
- **Inflation and Projections:** Inflation has eased but is still above the 2% target. The FOMC slightly increased its 2024 core PCE inflation projection to 2.7% (
- **Future Rate Cuts:** The FOMC signaled fewer rate cuts this year, adjusting expectations from 75 to 50 basis points
- **Balance Sheet Reduction:** Starting in June, the pace of reducing U.S. Treasury securities will slow from $60 billion to $25 billion per month.
Overall, the FOMC's decision to keep interest rates steady, combined with a cautious approach to economic developments, is likely to be bullish for the cryptocurrency market. Investors seeking alternative assets to hedge against inflation and benefit from stable monetary policy might increase their exposure to cryptocurrencies, driving up prices and market activity.
The June 2024 FOMC meeting resulted in maintaining the federal funds rate at 5.25% - 5.50%.
Key points include:
- **Rate Decision:** The federal funds rate remains unchanged for the sixth consecutive meeting
- **Economic Growth:** The economy continues to grow solidly with strong job gains, although inflation remains high (Home).
- **Inflation and Projections:** Inflation has eased but is still above the 2% target. The FOMC slightly increased its 2024 core PCE inflation projection to 2.7% (
- **Future Rate Cuts:** The FOMC signaled fewer rate cuts this year, adjusting expectations from 75 to 50 basis points
- **Balance Sheet Reduction:** Starting in June, the pace of reducing U.S. Treasury securities will slow from $60 billion to $25 billion per month.
Overall, the FOMC's decision to keep interest rates steady, combined with a cautious approach to economic developments, is likely to be bullish for the cryptocurrency market. Investors seeking alternative assets to hedge against inflation and benefit from stable monetary policy might increase their exposure to cryptocurrencies, driving up prices and market activity.
What are your thoughts on CZ ex binance ceo case?
I think he will get imprisoned.. share yours
#CryptoNewsUSA #CryptoNews🚀🔥"
I think he will get imprisoned.. share yours
#CryptoNewsUSA #CryptoNews🚀🔥"
Avoid short positions , market will take a huge pump on 1st may after #CZBİNANCE case..
Buy now and sell that buying on 2nd may..
Follow for more and safe this for future
Buy now and sell that buying on 2nd may..
Follow for more and safe this for future
Buying zone for $SOL is 95-110 levels…
It will give you 2x in next 3-4 months..
Follow for more
#InvestingSafety #tradingtechnique
It will give you 2x in next 3-4 months..
Follow for more
#InvestingSafety #tradingtechnique
Buy XRP from 0.42-0.44 levels
It will give you 50-70% profit in 6 months..
slow but safe investment
#XRP🪙🪙🪙🪙🪙🪙🪙🪙🪙🪙
Follow for more
#Safe_TradingStrategies
It will give you 50-70% profit in 6 months..
slow but safe investment
#XRP🪙🪙🪙🪙🪙🪙🪙🪙🪙🪙
Follow for more
#Safe_TradingStrategies