The Federal Reserve cast their 9-3 vote to hold interest rates steady at 3.50% to 3.75% amid whispers of monetary shifts ahead 🖤
All attention now shifts toward the upcoming press conference with new Fed Chair Kevin Warsh as markets watch for his leanings 🌙
“The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve’s dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system,” reads the statement.
This gathering stood out as the most unpredictable since the 2020 COVID outbreak because prior sessions carried near total consensus 🕷️
Futures and prediction platforms had priced in just a 30%-38% chance of a hike this time around 🦇
Bitcoin faced some de-risking from volatile spots ahead of the call, sliding 3000 dollars yesterday before climbing back to 64500 today only to dip below 63800 pre-announcement 🎀
Minor swings kicked back in post-decision with a push above 64000 yet the Warsh remarks could stir things further on hints of future hikes or pauses 💀
Fed Pause Sparks Fresh Market Twists 👁️
Just another echo from the void by iconofsin.eth 💖
