🚨THE FED IS COMPLETELY DIVIDED NOW
And this is not a good sign for the markets.
Just now, the Fed announced no rate change as expected.
But what happened behind the scenes was important.
8 out of 12 Fed officials called for a rate pause.
1 called for a rate cut, while 3 called for a rate hike.
This is the highest number of dissenting votes since 1992, which means the Fed is divided now.
But why is this happening?
The reason is the US-Iran war.
Some Fed officials see this war as temporary, while a few see this as a long-term thing.
So far, the US-Iran war has caused a 50% spike in oil prices and also pushed CPI to a 2-year high.
Because of this, some Fed officials are calling for rate hikes.
On the other hand, the job market is still bad, and economic growth is slowing down.
Because of this, some Fed officials are calling for more easing.
Why does this matter for markets?
If the Fed is confused, it'll create a lot of uncertainty.
And markets absolutely hate that.
This is why $BTC and alts are dumping now.
Now all eyes are on Powell's speech, and if he hints at rising inflation and possible tightening, markets could crash.
