Route 2 FI
Route 2 FI|Jan 29, 2025 18:07
1 hour to FOMC. The expectation is that interest rates are kept at the current rate. A cut is bullish, while an increase would be bearish. I also think that a pause would be slightly bullish because then we at least have this "uncertainty" out of the road. Powell might also say something about the outlook for 2025. If more cuts are expected, that would be bullish for crypto (1-2 cuts expected this year). This is the first FOMC meeting since Trump took office. Trump wants lower interest rates, but Powell will probably stress that the Fed acts independently. Stay safe during the volatility. Praying for our altcoins to send massively.
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