$BNB

BNB

886.44

-0.43%

CoinQuestFamily, many of you have been asking about the latest FOMC update — here’s the quick summary 👇

#FOMC Highlights

• The Fed cut interest rates by 25 bps

• They plan to buy $40B in Treasury bills over the next month

• Powell mentioned signs of softness in the labor market

• Elevated T-bill purchases are expected to continue for several months

• The Fed still anticipates steady economic growth into next year

• Any future rate cuts will be decided meeting by meeting

• Inflation remains above target

• No projections indicate any upcoming rate hikes

• Recent employment data was previously overestimated

Bottom line: The tone overall leans supportive for risk assets and broader markets.

#JeromePowell #CryptoNews #CoinQuestArmy #TradingSignals