Critical events unfold for the cryptocurrency market as we await Powell’s remarks. The focus is on interest rate projections and subsequent statements.
Fed's Interest Rate Decision
The Fed has held interest rates steady, as expected. Crucial information will come from the interest rate projections published in the dot plot. Previously, Powell indicated that the dot plot data contained estimates rather than a clear trajectory. Nevertheless, it reflects the expectations of Fed members regarding potential rate cuts.
Upcoming Negotiations and Economic Insights
In recent discussions, Trump expressed optimism for progress on the ceasefire in Ukraine. The White House announced that a mining agreement will be finalized following this dialogue. Meetings in Saudi Arabia will occur in the coming days to further discuss the ceasefire.
FOMC Projections and Forecasts
Highlights from the Fed’s latest decisions include: current median rate at 3.875%, long-term median at 3%, with a projected 50 basis point rate cut to 3.9% in 2025. Additionally, beginning April 1, the Fed will slow balance sheet reduction. The unemployment forecast for 2025 rose to 4.4%, and GDP growth estimate decreased to 1.7%.
The Fed's decisions and projections play a crucial role in the market, significantly impacting economic expectations. The focus remains on rate projections and the regulator's next steps.
