The Fed kept rates at 3.50-3.75% for the fifth consecutive meeting. The decision passed by a 9-3 vote, with three regional Fed presidents favoring a 25 bp hike. Economic projections were not updated, with the next release expected in September. The statement was largely unchanged and again included the FOMC's commitment to ensure price stability. Kevin Warsh did not clarify what exactly could prompt a rate hike, but acknowledged that a strong labor market and rising core inflation would normally call for tighter policy. After the meeting, the market cut the probability of a September rate hike to 57%.
Axel 💎🙌 Adler JrShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.