Claim $50025 Bps, 50 Bps Or 0; What To Expect from FOMC Meeting? How Crypto Market Will React?
FOMC News: Markets all over the globe are waiting for the much anticipated outcome of the Federal Open Market Committee (FOMC) meeting amid the ongoing banking crisis. However, the Federal Reserve at the moment has two goals that seem to be conflicting with each other. First is to bring down the jumping inflation and the other is to stabilize the banking sector.
Till Federal Reserve Chairman, Jerome Powell announces the rate hike decision on Wednesday, several market biggies have laid out their estimates.
Here are the March FOMC Fed Rate Estimates:
-JP MORGAN +25BPS HIKE
-BANK OF AMERICA +25BPS
-MORGAN STANLEY +25BPS
-CITI +25BPS
-BARCLAYS +25BPS
-DEUTSCHE BANK +25BPS
-GOLDMAN SACHS 0BPS
-WELLS FARGO 0BPS
-CREDIT SUISSE 0BPS
-NOMURA -25BPS CUT
After much increased volatility in the trading market, the biggies are weighing in for the Federal Open Market Committee (FOMC) to nod a 25 Basis point surge.
Also Read: FOMC Meeting To Intensify Bank Crisis? Bitcoin To Face Hard Time Too?
As per reports, if the agency raises its funds’ rate even by a quarter point then it will push it to there target range of 4.75%-5%. This is being reported as the highest rate since late 2007. However, Powell’s two weeks ago comments have left the market confused. Meanwhile, the recent trend suggests there will be no hike or a quarter point hike. The Fed executives will also be announcing their unemployment, inflation, and GDP projections
How Crypto Market Will React?
As per experts, investors are trading under much increased volatility, if the Fed decides not to hike rates then markets can see a pump. While as per expectations, a 25 Bps surge can leave the market flat. While a 50 Bps hike will result in a straight dump.
The global digital asset market is trading in the green as its cumulative market cap is marginally up over the past 24 hours. However, Bitcoin price has managed to gain over 12% in the last 7 days, while Ethereum price jumped by more than 6% in the same period.
Buy Bitcoin, End The Fed, Says Ex-Coinbase CTO Ahead Of FOMC| Also Read
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