🚨 #Fed hits the brakes, but pressure isn't easing!
Rates frozen between 3.75% and 4% as markets already gauge the next move
In a decision widely expected by markets, the Federal Open Market Committee (FOMC) voted Wednesday to keep the federal funds rate in the 3.75% to 4% range, opting for an approach of tactical patience.
The inflation dilemma: Despite keeping rates steady, inflationary pressures continue to prove persistent and are expected to exceed 3% in September, spreading beyond the energy sector.
Resilient economy: U.S. economic activity continues to expand strongly, with annualized GDP growth estimated at 3.4% for the third quarter according to the GDPNow indicator, supported by low unemployment and a boom in investment in artificial intelligence.
#CryptoNews
$NVDAB
$BTC
$SPCXB
Rates frozen between 3.75% and 4% as markets already gauge the next move
In a decision widely expected by markets, the Federal Open Market Committee (FOMC) voted Wednesday to keep the federal funds rate in the 3.75% to 4% range, opting for an approach of tactical patience.
The inflation dilemma: Despite keeping rates steady, inflationary pressures continue to prove persistent and are expected to exceed 3% in September, spreading beyond the energy sector.
Resilient economy: U.S. economic activity continues to expand strongly, with annualized GDP growth estimated at 3.4% for the third quarter according to the GDPNow indicator, supported by low unemployment and a boom in investment in artificial intelligence.
#CryptoNews
$NVDAB
$BTC
$SPCXB
