🚨 FED HOLDS RATES AT 3.50%–3.75% FOR THE 5TH STRAIGHT MEETING We may see a quick pump because rates were not increased but honestly, I would treat that move as a fake pump unless the market strongly reclaims major resistance. The overall message is still hawkish. Rates may stay higher for longer, and that is not good for risk assets. ⚠️Main bias is Bearish. Any sudden pump can easily become exit liquidity before the real move down.
SUMMARY OF FED DECISION (7/29/2026): 1. Fed leaves rates unchanged for the 5th straight meeting 2. Fed votes 9-3 to hold benchmark rate in 3.50%-3.75% zone 3. Hammack, Kashkari, and Logan dissent in favor of rate hike 4. Fed says economic activity is expanding at a "solid pace" despite uncertainty 5. Fed says job gains have "kept pace with the workforce" 6. Fed says it remains committed to its 2% inflation goal The longest Fed pause since the 2008 cycle continues.
U.S. Employment Number: 172,000 Expected: 85,000 | Previous: 115,000
Higher than expected!
➡️ This signals a stronger labour market.
➡️ This is generally hawkish: it reduces the case for Fed cuts, tends to push Treasury yields and the dollar up, and is usually a headwind for risk assets like equities and crypto (BTC/ETH).