🚨 Breaking: The Fed pivots with a 50 basis point rate cut, reducing interest rates from 5.50% to 5%!

This change in monetary policy could impact markets and the economy.

Previous rate: 5.50%
Forecast Was : 5.25%

#FOMC #RateCut #FedPivot

What a volatility in #Bitcoin and the #Crypto market after the Fed's 50 basis point interest rate cut from 5.50% to 5%!

Pump & Dump

#RateCut #RateCut #FedPivot $BTC

CPI data looms large as market sentiment appears🧐
The week's major focus will be on today's CPI just ahead of earnings season to kick up from Friday. With risk markets seemingly ensnared with renewed FOMO on the apparent Fed pivot, risk reward is probably skewed towards a downside miss to push risk markets higher. We'll probably need to see a 0.4% or above print in CPI to give the market pause on its recent ascent, and anything sub 0.3% will likely be seen as affirmation of the dovish tilt, leading to a further melt-up in risk and sell-off in USD with trader positioning largely off side. Good luck and good trading!
#macro #CPI #EarningsSeason #FedPivot #USDPositioning