Will this Wednesday become a dark day for the US economy and the cryptocurrency market?
This Wednesday, April 12 is filled with strong news that directly affects the US economy and the cryptocurrency market. The most important and directly influential news is the FED's decision on interest rates. The whole market is watching and waiting for the FED's decision.
Last week, the increase in Non-Farm Payrolls and the Unemployment Rate in May caused the odds of an interest rate cut to drop sharply and almost reach zero. Currently the interest rate is at 5.5%. and the expectation for this interest rate announcement is still 5.5%.
In addition, besides the news about interest rates being announced, other important news was also announced by the FED this Wednesday such as: May CPI; Crude oil reserves; FOMC economic forecast;
Avoid trading around news releases or you may lose your assets.
