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#MarketImpact CryptoNews #Finance
FOMC in 30 minutes:
—Fed is expected to leave interest rates unchanged.
—After today's CPI, Market now fully pricing in two rate cuts.
—Fed's Dot plot rate forecasts will be main event - will 2024 median projection of 3 cuts get trimmed to 1 or 2? Market expects 2 cuts down from 3.
—The distribution of dots will be more important than the cuts forecast for some.
—Market also focused on how dovish [hawkish?] Powell will be.
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