The FOMC meeting is in next 8 hours ⏰ Bitcoin is chilling out around the $27,000 mark, waiting for FOMC's interest rate decisions before making its move 💫 There will be volatility or manipulation in the market pre/post FOMC meeting. Like & Follow to get more informations and updates 😇

🚨 BREAKING: 🇺🇸 #FOMC Meeting REVEAL SHOCKING Insights 😱 Here’s What #bitcoin and #crypto Traders MUST Know 🚀 Interest Rate: 👉 The Fed has decided to maintain the current interest rate, keeping it unchanged at 5.50%. Rate Forecast: 👉 For 2023, the median rate forecast is 5.6%, but for 2024, it's expected to drop slightly to 5.1%. Job Market: 👉 There's been a slowdown in job gains recently, but overall, the job market remains robust. Unemployment and Inflation: 👉 Positive news on the unemployment front as rates are expected to decline. 👉 The Fed also sees more progress on controlling core inflation compared to earlier in June.

What #Bitcoin    and #Crypto Traders MUST Know 😱1️⃣ Background:👉 The #FOMC is set to decide on interest rates.👉 In the last meeting in July, rates were raised by 25 bps, reaching a level between 5.25% and 5.5%, a near 22-year high.2️⃣ Current Economic Situation:👉 Inflation data: Annual inflation rate has risen to 3.7% in August from 3.2% in July.👉 Unemployment: Increased from 3.5% to 3.8% in August.3️⃣ Market Expectations:👉 Many experts predict that the Fed will pause on rate hikes in September, waiting for more data.👉 There’s anticipation of a rate increase in the November #FOMC meeting.4️⃣ Risks & Uncertainties:👉 Fed's aggressive monetary policy might risk economic stability.👉 Rising borrowing costs could fuel inflation.👉 Investors are keen to know when the rate hikes will stop.5️⃣ Why Pause is Likely:👉 Inflation and job market have both shown a steady slowdown, giving the Fed a buffer to wait for more data.👉 Fed officials, like Christopher Waller, have indicated comfort with current rates, suggesting no urgent need for change.👉 The last time rates were held steady was in June, during uncertainties about the spring banking crisis.6️⃣ Factors Influencing Decisions:👉 US economic "wild cards" such as the actual impact of interest rates on sectors like housing, consumer spending, and jobs.👉 Possible government shutdown may halt the release of essential economic data.👉 Rising energy prices might influence inflation further.👉 Ongoing strikes, like the United Auto Workers strike, indicate labor market conditions.7️⃣ Upcoming Announcements:👉 Fed will announce its decision at 2 p.m. ET, followed by a news conference at 2:30 p.m. ET by Fed Chair Jerome Powell.8️⃣ Summary:👉 Despite rising inflation, the US Fed is likely to pause rate hikes in the September #FOMC meeting, waiting for more data and monitoring various economic factors.👉 The decision will be made clear on September 20.

The Federal Open Market Committee (FOMC) is scheduled to make a decision on interest rates. In the previous meeting held in July, rates were raised by 25 basis points, reaching a level between 5.25% and 5.5%, which is a near 22-year high.The current economic situation reveals that the annual inflation rate has risen to 3.7% in August from 3.2% in July, while unemployment has increased from 3.5% to 3.8% in August.Market expectations suggest that the Fed will pause on rate hikes in September, waiting for more data, with anticipation of a rate increase in the November FOMC meeting.However, there are risks and uncertainties associated with the Fed's aggressive monetary policy, which might risk economic stability. Rising borrowing costs could fuel inflation, and investors are keen to know when the rate hikes will stop.The likelihood of a pause in rate hikes is supported by the steady slowdown in inflation and job market, giving the Fed a buffer to wait for more data. Fed officials, like Christopher Waller, have indicated comfort with current rates, suggesting no urgent need for change.Factors influencing the Fed's decision include US economic "wild cards" such as the actual impact of interest rates on sectors like housing, consumer spending, and jobs. A possible government shutdown may halt the release of essential economic data, while rising energy prices might influence inflation further. Ongoing strikes, like the United Auto Workers strike, indicate labor market conditions.The Fed will announce its decision at 2 p.m. ET, followed by a news conference at 2:30 p.m. ET by Fed Chair Jerome Powell. Despite rising inflation, the US Fed is likely to pause rate hikes in the September FOMC meeting, waiting for more data and monitoring various economic factors. The decision will be made clear on September 20. #BTC #bitcoin #crypto2023

Bitcoin stabilized around $26,500 after hitting its monthly high. Traders observed strong bid support, hinting at resistance to selling pressure. The FOMC meeting on September 20 may bring BTC volatility, but it’s expected to trade between $25k to $27k. In a weekend characterized by relative calm, Bitcoin (BTC) exhibited remarkable resilience, stabilizing around the $26,500 mark after recently hitting its monthly high of $26,880. This surge marked the highest level of the month and had many traders and investors closely monitoring the cryptocurrency market. Traders have taken note of the strong bid support that seems to be anchoring Bitcoin’s price. Credible Crypto, a famous trader and analyst, pointed out a cluster of bid liquidity that appeared to be providing a solid defense against selling pressure. This observation underscores the conviction among many market participants that Bitcoin’s current levels are well-supported. Some seller absorption happening here- this level being defended atm. Not much below it so if lost would probs see a nice flush to downside targets. Been fun watching this but going to call it a night. Let's see what tomorrow brings. Hopefully a slow weekend so we can just chill… https://t.co/NFD7qcfAnC pic.twitter.com/4gWXpEDfsX — CrediBULL Crypto (@CredibleCrypto) September 16, 2023 As the crypto community observes this stability, their attention now turns to a critical macroeconomic event on the horizon. The United States Federal Reserve is set to convene the Federal Open Market Committee (FOMC) meeting on September 20, where decisions regarding benchmark interest rates will be made. Although market expectations lean heavily towards no changes, there is a lingering anticipation of potential volatility. Market analysts are divided on the impact of the FOMC meeting on Bitcoin’s price. While some foresee the meeting inducing volatility, others, like Crypto Santa believe that Bitcoin will likely continue to trade within the range of $25,000 to $27,000 in the short term. With CME Group’s FedWatch Tool placing the odds of a surprise scenario at just 2%, the prevailing sentiment suggests that Bitcoin’s current stability may persist in the days leading up to and following the FOMC meeting. Read also: Markets Soar as FOMC Decision Boosts Confidence Traders are Shifting Attention to the FOMC Decisions Bitcoin Rises to $26K, May Approach $29K Soon Increased Risk Sentiment Might Prompt Bitcoin’s Sell Off Bitcoin (BTC) Reserves Steadily Drops in Exchanges The post Bitcoin Holds Steady at Over $26K Ahead of FOMC Meeting appeared first on Crypto News Land.

Bitcoin Surpasses $27,000! High Probability of No Interest Rate Hike at This Week's FOMC Meeting The United States Federal Reserve (Fed) has been aggressively raising interest rates since March 2022, and in the July FOMC meeting this year, they announced another rate hike, bringing the federal benchmark interest rate to 5.25%-5.50%, reaching its highest level since 2001. Probability of Rate Hike in September: Only 1% Investors are closely watching the September interest rate decision by the Fed, scheduled for this Thursday (September 20 at 18:00 UTC+0). Currently, the market generally expects the federal benchmark interest rate to remain unchanged within the 5.25%-5.5% range. According to CME Group's FedWatch tool, the market's probability of a rate hike at the September meeting has dropped from an initial 20% to just 1%, with a substantial increase to 99% for the likelihood of rates staying unchanged. However, this doesn't signify the end of the rate hike cycle. Considering that the U.S. Consumer Price Index (CPI) for August surged to a 3.7% year-on-year increase (expected at 3.6%), it suggests ongoing inflationary pressures. Coupled with a robust job market, there may still be one more rate hike this year. The dot plot released by the Fed after the meeting could reveal that policymakers are planning another rate hike in November or December, pushing the federal benchmark interest rate to a range of 5.5% to 5.75%, with a probability as high as 69%. Despite market speculation that the Fed's rate hike cycle may be nearing its end, Bitcoin continues to trade above $27,000, marking its highest point since September. Nevertheless, investors should remain cautious in the face of market volatility.