⚠️ The Federal Reserve's March Meeting Concludes Today⚠️
The Fed Reserve is scheduled to release the rate decision by 2PM Eastern Time today.
There are some key things to note about this decision:
- The Federal Reserve's decisions on interest rates significantly impact the economy, affecting everything from the costs consumers and businesses pay to borrow money to the job market, the stock market and inflation.
- In general, high interest rates scare investors away from riskier investments like crypto, and the lowering of rates will be seen as a positive by the crypto investor community.
- When the Central Bank increases interest rates, borrowing becomes more expensive. In this environment, both consumers and businesses might think twice about taking out loans for major purchases or investments. This slows down spending, typically lowering overall demand and hopefully reducing inflation.
Expect things to remain relatively bearish until the decision is announced @ 2PM Eastern Time Today!
I've got a plan to go long on the following crypto assets in the futures market once things stabilise: $RNDR $SUI $ZRX - I'll be dropping signals for these soon.
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