FOMC Live News: US Fed Raises Interest Rate By 25 BPS; S&P 500 And Crypto Markets Steady

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ক্রিপ্টো মার্কেট নিউজ: দ্য মার্কিন ফেডারেল রিজার্ভ‘s target rate decision may likely come on the expected lines but the market would be keenly looking at whether the Federal Open Market Committee (FOMC) shows any signs of cooling down the monetary policy. Amid pressure from the ongoing US regional banking crisis, the markets are expecting that the central bank implements a 25 bps rate hike for the last time in a series of target rate raises. This would take the current target of 475-500 bps to the 500-525 bps range.

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The CME FedWatch Tool indicates that 85% of respondents feel the Fed go for a 25 bps hike. Meanwhile, if Fed Chair Jerome Powell announces any indication of slowing down the rate hikes in upcoming meetings, the বিটকয়েন দাম may climb at the back of some correction in recent times.

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লাইভ

2023-05-03T00:00:00+5:30

S&P500 & Crypto Markets Turn Green Following FED Hike

Both S&P 500 and crypto markets are steady following FED rate hike of 25 bps. Bitcoin price is hovering at $28,600 while S&P500 index is up by 20 basis points at the time of reporting. In crypto markets top gainers are Render Token, Woo Network and Curve Dao. Crypto Market FOMC meeting

Crypto Market FOMC meeting

এই আপডেট শেয়ার করুন:

2023-05-03T23:41:00+5:30

Rate Cuts In September

In the wake of a 25 bps rate hike, traders are pricing in rate cut possibility in September 2023, as per US interest rate futures.

এই আপডেট শেয়ার করুন:

2023-05-03T23:35:00+5:30

বিটকয়েন মূল্য প্রতিক্রিয়া

As an initial reaction, the Bitcoin price showed a 0.50 rise to the news of Fed rate hike on expected lines. However, the scenario could change after Jerome Powell’s speech.

এই আপডেট শেয়ার করুন:

2023-05-03T23:30:00+5:30

ফেড রেট হাইক

The FOMC hiked the Federal funds target rate by 25 bps, on expected lines. The hike effectively brings the current target rate to 500-525 bps range.

এই আপডেট শেয়ার করুন:

2023-05-03T23:15:00+5:30

মার্কিন ডলার সূচক

The US Dollar Index (DXY) has been on a declining path in the lead up to the Fed rate hike decision announcement, with a 0.53% drop in the day.

এই আপডেট শেয়ার করুন:

2023-05-03T22:45:00+5:30

Peter Brandt Agrees

Peter Brandt, another veteran analyst, একমত with Tom’s analysis on Fed’s rate hike plans.

এই আপডেট শেয়ার করুন:

2023-05-03T22:30:00+5:30

More Rate Hikes Are A Mistake

Tom McClellan, a veteran analyst, মন্তব্য that further hiking of interest rate would be fatal for the markets. They should instead cut to 4% immediately, he said.

এই আপডেট শেয়ার করুন:

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