Tonight, the Federal Open Market Committee (FOMC) is set to announce its latest interest rate decision, and markets are buzzing with anticipation. Here's what you need to know:
- Rate Cut Expectations: There's an 87-96% chance of a 25-basis-point rate cut, bringing the federal funds rate to 3.50%-3.75%. ¹ ² ³
- Economic Projections: The FOMC will release updated forecasts for GDP growth, unemployment, and inflation, which are expected to show a moderate GDP growth of 2.1%, unemployment around 4.2%, and core inflation at 2.5%.
- *Market Impact: A rate cut could boost risk assets like Bitcoin and stocks, but the "hawkish cut" narrative might introduce volatility.
- Powell's Press Conference: Fed Chair Jerome Powell will hold a press conference at 2:30 p.m. ET, where he'll provide insights into the Fed's future policy moves.
The decision is expected to influence markets and investor sentiment well into 2026. Stay tuned for live updates!
