🚨 FED STAYS PUT, MARKETS IN FLUX
Today's recap:
The Federal Reserve decided to keep interest rates at 3.50%-3.75% for the fourth consecutive meeting. This decision didn't catch anyone off guard, but the market's reaction definitely left several points to watch closely.
📉 Gold dropped over 40 bucks.
📈 The dollar gained some strength.
₿ Bitcoin pulled back by about 1%.
The initial read is that the Fed still shows no rush to ease its monetary policy. While inflation has given some positive signals, the market understands that rates could stay elevated for a longer stretch.
What's interesting is that Bitcoin displayed a fairly contained reaction compared to other assets. While gold faced a sharper correction, $BTC continues to defend the $65,000 zone.
Now, all eyes are on Kevin Warsh's statements and the new economic projections. That could be the real key to understanding the next market move.
Do you think $BTC BTC is building strength or is more volatility ahead?
#warshfirstfomcrateshold
#BTC #bitcoin #Fed
Today's recap:
The Federal Reserve decided to keep interest rates at 3.50%-3.75% for the fourth consecutive meeting. This decision didn't catch anyone off guard, but the market's reaction definitely left several points to watch closely.
📉 Gold dropped over 40 bucks.
📈 The dollar gained some strength.
₿ Bitcoin pulled back by about 1%.
The initial read is that the Fed still shows no rush to ease its monetary policy. While inflation has given some positive signals, the market understands that rates could stay elevated for a longer stretch.
What's interesting is that Bitcoin displayed a fairly contained reaction compared to other assets. While gold faced a sharper correction, $BTC continues to defend the $65,000 zone.
Now, all eyes are on Kevin Warsh's statements and the new economic projections. That could be the real key to understanding the next market move.
Do you think $BTC BTC is building strength or is more volatility ahead?
#warshfirstfomcrateshold
#BTC #bitcoin #Fed