Quick summary of last night's FOMC event
🔸 Interest rates remain unchanged. This is the 7th time in a row
The Fed is still expected to cut interest rates this year. Specifically 3 times => Why 3 =)))))
🔸 Powell said 'Inflation has eased but is still high' => like saying 50/50
🔸 Powell also said 'Interest rate cuts will not be considered until there is 'more confidence' that interest rates will fall
And the market last night increased. $BTC $ETH all +10%.
Ignore this increase. I want to see the broader picture.
What do people see now? Hope. Uncertain. Suspect.
When people doubt, they get scared easily. Humans don't like uncertainty. Surely the market will increase. Surely the market will decrease. Because of the uncertainty in the financial game, many people were killed, liquidated, and sold out.
Interest rates have not changed for more than half a year and that makes people worried about whether the next time they will increase or decrease. When uncertain, people often close down, reduce their investment portfolio, or even stand on the sidelines and watch.
That is the psychology the Fed wants you to feel.
For me, in the long term, I believe the Fed will reduce interest rates. And from 2023 to now. Every time the market drops in price, I see it as an opportunity to buy more.
Those who fear a short-term market decline will not reap the long-term rewards.
Hope you guys are still confident in your previous article.
