💯 Fed Rates will be UNCHANGED this week! 🤔
$BNB $BTC $ETH
Federal Reserve Chairman Kevin Warsh and the FOMC are keeping the federal funds rate unchanged at 3.75%–4.00% primarily to evaluate incoming economic data after delivering a quarter-point hike in September.
The central bank is opting for a patient, data-driven "pause" to gauge the momentum of the economy rather than rushing into back-to-back rate increases.
Economists view this move as a "hawkish hold." While rates are staying flat this week, persistent price pressures have led financial markets to heavily price in another quarter-point rate hike at the final meeting of the year in December.
Chairman Warsh has actively discarded the traditional practice of giving explicit "forward guidance," meaning the Fed will let upcoming November data dictate whether they tighten further.
$BNB $BTC $ETH
Federal Reserve Chairman Kevin Warsh and the FOMC are keeping the federal funds rate unchanged at 3.75%–4.00% primarily to evaluate incoming economic data after delivering a quarter-point hike in September.
The central bank is opting for a patient, data-driven "pause" to gauge the momentum of the economy rather than rushing into back-to-back rate increases.
Economists view this move as a "hawkish hold." While rates are staying flat this week, persistent price pressures have led financial markets to heavily price in another quarter-point rate hike at the final meeting of the year in December.
Chairman Warsh has actively discarded the traditional practice of giving explicit "forward guidance," meaning the Fed will let upcoming November data dictate whether they tighten further.
