#FOMCMeeting
๐จ FOMC Update: The Federal Reserve remains firm but with inflation alert ๐๐ธ
๐๏ธ On May 1st, the U.S. Federal Reserve (FOMC) decided to keep interest rates between 5.25% and 5.50%, as expected. However, Chairman Jerome Powell warned that inflation remains a challenge and that no significant progress has been seen in the first months of the year. This could delay rate cuts until late 2025. ๐ฐ๏ธ
What about the crypto market?
๐ The impact was immediate: Bitcoin briefly fell below $59,000.
๐ต The dollar strengthened, putting pressure on risk assets.
๐ Now, expectations for rate cuts are pushed back, and all signs point to late 2025.
๐ฎ๐น Everything remains very dynamic, stay tuned for updates!
$BTC
๐จ FOMC Update: The Federal Reserve remains firm but with inflation alert ๐๐ธ
๐๏ธ On May 1st, the U.S. Federal Reserve (FOMC) decided to keep interest rates between 5.25% and 5.50%, as expected. However, Chairman Jerome Powell warned that inflation remains a challenge and that no significant progress has been seen in the first months of the year. This could delay rate cuts until late 2025. ๐ฐ๏ธ
What about the crypto market?
๐ The impact was immediate: Bitcoin briefly fell below $59,000.
๐ต The dollar strengthened, putting pressure on risk assets.
๐ Now, expectations for rate cuts are pushed back, and all signs point to late 2025.
๐ฎ๐น Everything remains very dynamic, stay tuned for updates!
$BTC