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🤝💰 Fed Meeting Against Crypto 💻🔒
The market expects the Fed to raise rates by 0.25%, with a probability of over 90%, similar to its March decision.
Bitcoin BTC hit daily lows at the May 3 Wall Street open as markets counted down the hours to the Federal Reserve interest rate decision. Market sentiment has priced in a 90%+ chance of the Fed hiking 0.25% to copy its March moves, with little expectations of a surprise instead. On this episode, we're live streaming the Fed Meeting with Jerome Powell alongside the cryptocurrency market.
Stagflation Problem Brewing
The Fed is unlikely to get inflation back down to 2% without sparking a slowdown. Summers pointed to worrisome inflation indicators, such as the employment Cost Index, which rose 4.8% in the first quarter of 2022.
New SEC Rule
Investors Await the Decision
USE CODE: PBN50
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