#FED #Macro #FedRateDecisions

The Fed meeting was held, the rate remained unchanged at 5.5% as expected.

But the main focus was on Powell's speech and answers to questions.

The main points from his speech:

- The current interest rate remained unchanged at 5.50%, but the possibility of lowering it was already discussed at the last Fed meeting.

- The Fed's balance sheet reduction (QT) program continues as planned.

- A delay in reducing the interest rate could have a negative impact on the economy.

- The possibility of the first interest rate cut could be considered as early as September.

- There has been some progress towards the inflation target in recent months.

- Recent inflation data has been below forecasts, which confirms the movement in the right direction.

- The number of rate cuts this year will depend on the development of inflation and the situation on the labor market.

- If the economy remains stable and inflation remains unchanged, the Fed may continue to hold rates at the current level for as long as necessary.

Markets reacted neutrally-positive.

Drag-metals, stock indices - showed growth.

Cryptocurrencies - went into correction.

In general, the market heard what it wanted, and the strategy of picking up assets from the correction can bring good results.

For cryptocurrency I believe that the correction will be bought back, and our task is to stay in the market, so that you will not be knocked out by stop or liquidation.

Stay tuned.