The FED is set to announce its interest rate decision today, with expectations focused on keeping rates steady. Markets are eagerly awaiting the June decision after the FED maintained rates at 5.25-5.50 percent in May.
The announcement is scheduled for 21:00 CET, with FED President Jerome Powell expected to provide a statement following the decision. Economists are revising their expectations, with concerns rising that the fight against inflation may prolong the need for interest rate cuts.
While the probability of no change in rates for June stands at 99.4%, expectations for a rate cut this year have decreased to one or two. Economists anticipate a delay in the first rate cut until September, pending crucial US inflation data to be released today.
The FED is cautious about potential risks of inflation, emphasizing the need for a careful relaxation process in interest rate decisions. This upcoming meeting is seen as a pivotal one, with FED President Jerome Powell likely to offer clarity on the rate cut schedule.
Bitcoin, on the other hand, started the week with a decline, dropping from $69,000 to $66,000 in the past two days. At present, BTC is trading at $67,380. It is important to note that this information is not investment advice.
For those interested in investing in over 300 cryptocurrencies, a 20% COMMISSION DISCOUNT is available on Binance exchange. Stay updated with exclusive news, analytics, and on-chain data by following our Telegram and Twitter accounts.