9/17 Crypto Daily Report
Today’s Fed decision—extremely hawkish
A 25BP rate hike was unanimously approved
The dot plot was moved directly up
16 officials said
Another hike is still expected this year
By the time Powell finished speaking in under 30 minutes,
the press conference was already over
The market’s reaction was very straightforward
The 10-year US Treasury yield re-crossed above 5%
Gold fell by more than $100 that day
On the same day
Trump said:
“Interest rates should be lowered to below 1%”
One side wants to raise rates, the other wants to push them to rock bottom
This contrast really is unmatched
#FederalReserve #RateHike #Gold
Today’s Fed decision—extremely hawkish
A 25BP rate hike was unanimously approved
The dot plot was moved directly up
16 officials said
Another hike is still expected this year
By the time Powell finished speaking in under 30 minutes,
the press conference was already over
The market’s reaction was very straightforward
The 10-year US Treasury yield re-crossed above 5%
Gold fell by more than $100 that day
On the same day
Trump said:
“Interest rates should be lowered to below 1%”
One side wants to raise rates, the other wants to push them to rock bottom
This contrast really is unmatched
#FederalReserve #RateHike #Gold
