Tonight the FOMC announcement happened.
The Fed kept the benchmark rate unchanged at 3.50% – 3.75% (unanimous). It was the first meeting for the new Fed Chair Kevin Warsh.
What Does a Hawkish Tone Mean?
In simple terms: The Fed is now taking inflation more seriously. Signals indicate keeping rates high or potentially increasing them in the future. Hopes for rate cuts are now low.
Market Reaction:
- Bitcoin and crypto showed a bit of weakness (post FOMC is common)
- The US Dollar is getting stronger
- Pressure on Gold & silver
Think long-term, don’t panic. Trade with proper risk management.
What do you think? Let me know in the comments 👇
#FOMC #Bitcoin #Crypto #Gold #Forex #BTC #BinanceSquare #BajiDrDuaMirOfficial
The Fed kept the benchmark rate unchanged at 3.50% – 3.75% (unanimous). It was the first meeting for the new Fed Chair Kevin Warsh.
What Does a Hawkish Tone Mean?
In simple terms: The Fed is now taking inflation more seriously. Signals indicate keeping rates high or potentially increasing them in the future. Hopes for rate cuts are now low.
Market Reaction:
- Bitcoin and crypto showed a bit of weakness (post FOMC is common)
- The US Dollar is getting stronger
- Pressure on Gold & silver
Think long-term, don’t panic. Trade with proper risk management.
What do you think? Let me know in the comments 👇
#FOMC #Bitcoin #Crypto #Gold #Forex #BTC #BinanceSquare #BajiDrDuaMirOfficial