US FOMC Meeting Highlights: Fed Decision Keeps Rates Unchanged, Markets Watch Powell

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US FOMC Meeting Highlights: The crypto market was up today, ahead of the much-awaited FOMC decision, which might set the stage for potential future moves in the crypto market. However, despite a positive momentum in the broader market, Bitcoin prices slipped over 1% and traded below the $43,000 mark.

According to the CME FedWatch Tool, there is a 97.9% probability that the Federal Reserve to keep the interest rate unchanged. Notably, the speech of Fed Chair Jerome Powell will be closely watched by investors for clues on the potential moves by the central bank and the economic health of the nation.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

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