As almost universally expected, the US Federal Reserve on Wednesday left its benchmark Fed Fed Fund Rate Rate at 4.25%-4.5%.
In a rare departure from the criteria, two Fed Governors – Michelle Boman and Chris Waller – separated from the decision, preferred rather than trim the trim rates from 25 basis points. This is the first time two Fed members have separated from a policy decision since December 1993, As Carson Group’s main market strategist Ryan Detroic.
“Although the swings in net exports continue to affect data, recent indicators suggest that economic activity increased in the first half of the year,” A statement with Fed“The unemployment rate remains low, and the labor market situation remains solid. Inflation remains somewhat high.”
Bitcoin (BTC) took a dip of about 0.5% in minutes after the decision of $ 117,400. The S&P 500 and NASDAQ index slipped slightly from the earlier benefits.
In particular, a merchant named “Spice” made approximately $ 1.3 million bets through the blockchain-based predictive site polymercate, which is Lukanchen, keeping the interest rates stable. noted Before Wednesday. The speculators put about 98% probability for that result, which means that the businessman will take advantage of 2 cents every 98 cents.
However, as the decision contacted the businessman, he reduced the situation by $ 724 million, Polymercate data Shown.
The market participants now attracted their attention to the comment of Fed Chair Zerome Powell at 2:30 pm for the significance of the possible rate cut in the next meeting in September. Powell’s priority to keep the policy stable in the last few months has been under considerable pressure from President Trump.
Before today’s events, CME Fedwatch Tool In September, about 60% of the possibility was shown for low rates.
