“The Nasdaq and S&P 500 Were Both Lower by More Than 1% About And Hour Before The Close.”, – WRITE: www.coindesk.com
Bitcoin Was Trading AT $ 81.300 AT Press Time, Lower by 3.5% Over The Past 24 Hours. Solana (Sol), Ether (ETH) and XRP Were Posting Modestly Higher Losses.
A Bit More Thank Before The Close of Trade, The Nasdaq Was Down 1.7% And S&P 500 1.1%.
The Federal Open Market Committe Began Its Two-Day Policy Meeting Today, With Results and Chairman Jerome Powell’s Post-Meeting Press Conference Set for Wednesday.
While No One is Experting A Change in Interest Rates, Traders Will Be Louishing for Signs That Fed Is Perhaps Turning A Hair More Dovish Given Recent Market Turbulence and A SLOWDOWN.
The Market Action on Tuesday, However, Suggests Nervouseness The Fed May Not Yet Be Ready to Ease Policy Further. After all, the Downturn in Inflation Seen in February Wasn’t that large and it was just one report. And the Dip in Markets – Thought Painful for Many – Has Also Been Pretty Modest Given the Impressive Run Highher in Recent Years.
Accorging to cme fedwatch, Rate Traday Today See No Chance The Fed Cuts Rates Tomorrow and Only A 20% Chance The Central Bank Eases at It Is Next Meeting in May. For June, Thought, There’s A 66% CHANCE THAT The FED WILL CUT RATES.
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