#FedWatch
HIGHLIGHTS
FOMC meeting expected to keep rates steady, amid mixed inflation and labor signals.
Experts have noted that the focus will be on Powell's speech for guidance regarding monetary policy this year.
Bitcoin historically reacts to FOMC decisions, showing pre- and post-meeting volatility.
Today, market focus is on the FOMC meeting as the latest rate decision will be announced. The Federal Reserve announces policy at 2:00 p.m. ET, followed by Chair Jerome Powell at 2:30 p.m. ET. Markets expect no rate change, with pricing showing near certainty, despite active debate among policymakers.
Notably, Bitcoin had climbed above $90,000 earlier in the day ahead of today’s FOMC meeting. The flagship crypto is trading just below this psychological level at press time. In addition to the Fed meeting, Tesla, Microsoft, and META report earnings today, which could impact BTC and the broader crypto market.
