Posted 11/1/2023, 3:07:00 PM
Fed Seen Holding Rates Steady But May Signal Fewer Future Hikes
- FOMC expected to hold fed funds rate steady at 5.25%-5.50% at Wednesday policy meeting
- Traders focused on rate decision statement & Powell press conference for future policy clues
- Fed speakers suggested one more rate hike before ending hike cycle that started at 0%
- Recent market wobbles could give Fed opening to back off planned hikes
- Bitcoin stalled near $34K-$35K, awaiting fresh catalysts like dovish Fed signals