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Don't remind me again today

Today is FOMC , probably one of the few that Jerome Powell will spear head in coming months due to Trump’s active plan to replace him.



Today’s FOMC is about Rate Cuts!
According to markets, these are the current estimates:

• 95.9% chance that the target federal funds rate ends up in the 3.75%-4.00% range (implying a 25 bp cut)

• 4.1% chance of the target range falling to 3.50%-3.75% (implying a 50 bp cut).

• The probability of no cut is extremely low.

People are of the opinion markets has priced in a 25 bp cut.
Usually the real move is after the news, markets will pay close attention to the forward guidance,what the Fed says about future cuts and its assessment of the economy.

Talking about $BTC , I’m still expecting a drop below 112k today to properly interact with range low. Then tomorrow we should see continuation upwards.
#Bitcoin
BTC-1.05%
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