After a few sessions of good Vibber, risk markets went back in retreat Tuesday, one day prior to the results of this week’s American meeting in the Federal Reserve.
Bitcoin traded at $ 81,300 at the press time, lower by 3.5% over the last 24 hours. Solana (sun), ether (ETH) and XRP released modest higher losses.
A little more than an hour before the end of the trade, Nasdaq was down 1.7% and S&P 500 1.1%.
The Federal Open Market Committee began his two-day political meeting today with results and chairman Jerome Powell’s press conference after meetings for Wednesday afternoon US Hours.
While no one expects a change in interest rates, dealers will be looking for signs that fat may be turning a hair more Dovish considering the recent market turbulence and a slowdown in inflation.
However, the market action on Tuesday suggests nervousness that Fed is not yet ready to relieve policy further. After all, the decline in inflation was seen in February was not so great and it was only a report. And dipped in the markets – although painful for many – has also been rather modest considering the impressive ran higher in recent years.
According to CME Fedwatch, Rate dealers today see no chance that Fed Reduces the rates tomorrow, and only a 20% chance of the central bank facing its next meeting in May. For June, however, there is a 66% chance that Fed will reduce the rates.