🇺🇸 FOMC UPDATE: FOMC decision at 2:00 PM ET, followed by Powell's press conference at 2:30 PM ET.
25BPS priced in. I think the speech is what will affect the markets the most rather than the BPS.

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Fed cuts interest rates by 0.25%, does not commit to further adjustments next month
As predicted and expected by the market, the meeting in the early morning of October 30 (Vietnam time) of the US Federal Reserve (Fed) ended...

Fed cuts interest rates by 0.25%, does not commit to further adjustments next month

Washington's spotlight is blazing on a year-end drama: who will succeed Jerome Powell as head of the Federal Reserve?

The shortlist is laid out: Waller, Bowman, Hassett, Warsh, Reid. The media is meticulously analyzing their every word about interest rates and inflation. Wall Street is holding its breath, speculating how this personnel change will shake the markets.

But what if the real core of this contest has nothing to do with "inflation"?

Behind the curtain of this political drama lurks a much larger and more urgent specter: the staggering $35 trillion in U.S. national debt. According to Congressional projections...

Whoever can use cryptocurrency to help the US reduce its debt will be Powell's successor.

Key points:
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Bitcoin is running out of time to seal “golden week” gains that have been standard since 2015.
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BTC price action needs to reclaim $116,000 by the Wednesday daily close, research shows.
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