Crypto News Key Highlights:
The Federal Reserve’s meeting is unlikely to result in a change in interest rates. Markets will closely watch Chair Jerome Powell’s messaging for insights into future policy directions. Despite economic growth and high inflation, Powell aims to avoid sounding too hawkish, mindful of market sensitivity to rate hikes. Treasury yields and Powell’s post-meeting statement will influence market reactions. FedWatch shows a minimal chance of a rate hike at this meeting, with possible increases in 2024. Powell’s comments may outweigh the official FOMC statement, and his views on Treasury yields and lending conditions will be scrutinized.
Solana’s SOL token has surged, currently trading above $36, marking a 150% increase from its 2022 lows.
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