Good news interest rate are cut 0.025% this is good news for market, market will go down grasp shorters and then upward momentum to grasp loggers… in long its bullish for market $BTC $ETH $XRP
It will decrease and them tomorrow there will br pump in market.. right now marketing is grabbing shorters
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MOHSEN HASSAN
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📢 Big News: Federal Reserve Decision Today! STAY FOCUSED 🚨🇺🇸🇺🇸
The U.S. Federal Reserve will announce its interest rate decision at 11:00 PM UAE time, with a press conference right after at 11:30 PM. A small rate cut (0.25%) is expected, which could impact crypto in these ways: More Risk-Taking: Lower interest rates might push investors to buy Bitcoin and other cryptocurrencies. Weaker Dollar: If the U.S. dollar drops, crypto could become more attractive. Price Swings: Crypto markets react quickly to big news like this, so watch BTC and ETH closely tonight. What do you think—will this boost crypto prices? Let’s talk below! 🚀
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.