💥🚨 The markets expect a hawkish rate cut today, what does that mean?🚨💥

🔘 The U.S. Federal Reserve is expected to cut the benchmark interest rate by a quarter of a percentage point for Wednesday, but markets should not expect a significant rise in response. This is because traders on Wall Street expect this to be a "hawkish cut," according to a report by CNBC.

◀ In market language, the term "hawkish cut" refers to the Federal Reserve reducing the interest rate while sending a message that no one should pin their hopes on the next meeting.

◀ Traders at JP Morgan, based on the U.S. chief economist at the bank, clarified that a hawkish rate cut from the Fed on Wednesday means two things. First, that the so-called "dot plot" - which shows the Fed members' expectations for the interest rate level - will indicate that the central bank expects only one cut next year, which is not the low-interest-rate regime some investors and U.S. President Donald Trump are calling for.

◀ The second point is that Fed Chair Jerome Powell will indicate in his press conference ongoing concerns about inflation and will not commit to any future monetary actions $ETH $BTC $XRP