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🚨 #FedHoldsRatesSteady: Patience Persists as Inflation Remains Sticky
The Federal Reserve has concluded its latest FOMC meeting, and as widely expected, interest rates will remain unchanged. The target range stays at 5.25% - 5.50%, marking the longest period of steady rates in over two decades.
However, the "hold" was not the headline today—the dot plot and the shift in tone were.
Here are the 4 key takeaways from the May decision:
1. The "Higher for Longer" Mantra Solidifies
While markets entered the year pricing in 6 rate cuts, the new dot plot indicates policymakers now see just one rate c
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#S&P 500 ANALYSIS
The S&P 500 is rebounding from the horizontal demand zone, with the 200MA acting as strong support, indicating underlying strength. A breakout above the resistance trendline could trigger a sustained upward rally. On the other hand, a breakdown below the 200MA and the demand zone would signal weakness and likely lead to further downside. Given its close correlation with the #crypto market, the S&P’s next #move will be crucial in determining broader risk sentiment, making this a key level to monitor closely. #crypto
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