Welcome to the second day of the January US FOMC meeting, folks! Grab your popcorn because the Federal Reserve is about to drop some interest rate news that could make or break your crypto dreams! 🎬💰 This is the first time the Fed is making a move since Donald Trump took office, and let me tell you, it’s more significant than a cat meme on the internet! 🐱💥
US FOMC Meeting Today: Will The Fed Announce An Interest Rate Cut or Just Cut the Cheese? 🧀
All eyes are glued to the US FOMC meeting today, like a kid in a candy store! 🍭 The Fed is about to announce whether they’ll keep rates unchanged after a thrilling two-day meeting that started yesterday. According to the crystal ball—uh, I mean, CME FedWatch data—there’s a whopping 99.5% chance they’ll keep rates at a cozy 4.25% to 4.5%. Talk about a nail-biter! 😱
Since the last December FOMC meeting, traders have been betting like it’s the Kentucky Derby on whether the Fed will keep rates unchanged this January. And why? Because they love a good gamble, just like I love a good joke! 😂 The Central Bank did announce a 25 basis point cut last time, marking the third consecutive cut in 2024. Who knew rates could be cut more than a bad haircut? 💇♂️✂️
Traders are feeling all warm and fuzzy after Jerome Powell’s speech, where he suggested the Fed was hawkish—despite the interest rate cut. It’s like saying, “I’m on a diet” while eating a whole pizza! 🍕 Since then, macro data has been flexing its muscles, making a strong case for rates to stay put. 💪
CoinGape recently reported that the December US CPI report showed inflation jumped to 2.9%, just as expected. It’s like inflation is that friend who always shows up uninvited! 🎉 But don’t worry, it’s in line with expectations, which means the Central Bank might be skeptical about cutting rates. They’re not about to throw a party for inflation! 🎈
On the bright side, the US PPI data brought some optimism, showing inflation at 3.3%, which is lower than expected. But let’s not forget the strong US job data that came in at the start of the year, suggesting the Fed doesn’t need to cut rates just because the labor market is doing the cha-cha! 💃🕺
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2025-01-29 18:02