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Fed Interest Rate Decision on May 7: Implications for Crypto Markets
Fed Interest Rate Decision on May 7: Implications for Crypto Markets
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The Federal Reserve’s upcoming meeting on May 7 is unlikely to bring any changes to interest rates, with Polymarket predicting a 98% chance of unchanged policy. Yet market participants remain on edge, scrutinizing Chair Jerome Powell’s press conference for clues about future economic direction.
Inflation remains stubbornly above the Fed’s 2% target despite gradual cooling, creating a holding pattern for risk assets. Cryptocurrencies, often sensitive to liquidity conditions, face muted immediate reaction but potential volatility from shifting rate expectations later in 2024.
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