FOMC

Interest rates hold steady for fifth-consecutive FOMC meeting as Fed calls for three cuts later this year

Stocks and cryptocurrencies have been on the decline since Thursday, although analysts say this week’s bad economic reads should have caused a bigger selloff

Investors are waiting to see what central bankers have to say about a remarkable strong labor market and sticky inflation

Markets dipped during Powell’s Wednesday press conference but recovered Thursday to around pre-rate decision levels

The Fed opts to hold rates for a fourth consecutive time, citing high job openings and slightly improving inflation

The 30-day estimate for the world’s largest digital asset has fallen to just 0.74%, bitcoin’s lowest realized reading since Jan. 16

The central bank is not yet done increasing interest rates, minutes from last month’s meeting reveal

Crypto and equities dipped lower Wednesday after the central bank said interest rates wouldn’t be budging

Markets are hoping for some confirmation rate hikes are on the pause

Central bankers see more interest rate hikes, and recent economic data backs them up

While not a definitive indicator of market sentiment, open interest in futures markets can help shape expectations around the forward price of an underlying asset

If Powell and the committee signal a forthcoming pause in interest rate hikes, markets will react favorably, but a hawkish stance will likely send shares plummeting again

Crypto and traditional equities are posting gains as sentiment shifts towards risk-on assets ahead of the next FOMC meeting

Wall Street’s ‘fear gauge,’ has remained well below its one-year average, indicating traders think that have handle on the Fed’s next moves

In minutes from its meeting in December, the Fed said FTX’s collateral damage has not impacted the broader financial system

The hike marks the Fed’s seventh consecutive rate increase, a strategy it hopes will curb the highest inflation the country has seen in more than four decades

Investors seem confident that the central bank will continue its rate hikes this week with a 75 basis point increase announced Wednesday, followed by 50 basis points in December

The S&P 500 and tech-heavy Nasdaq are up about 8% and 3%, respectively, for the month of October, but this week could erase gains

Central bankers could be forced into a pivot if economic conditions don’t improve

The Dow Jones rose 0.23% by close, while the S&P 500 was up 0.36% and the Nasdaq increased 0.35%

Central bankers lowered their growth forecasts for the second half of 2022 and 2023, despite a rebound in GDP during the second quarter of 2022

The Fed is raising interest rates and shrinking its balance sheet to combat the highest inflation in four decades

Increased concerns with rising inflation, ongoing supply chain pressures and the war in Ukraine are leading to greater financial hardships for Americans, the Fed said

Get your macro fix with Blockworks’ own Mike Ippolito and Mark Yusko to stay up to date about the latest in macro news!