After a few good vibration sessions, the risk markets retired on Tuesday, one day before the results of the American federal reserve policy meeting this week.
Bitcoin was negotiated at $ 81,300 at the time of the press, a decrease of 3.5% in the last 24 hours. Solana (Sol), Ether (ETH) and XRP displayed modestly higher losses.
A little more than an hour before the end of the trade, the Nasdaq fell 1.7% and S&P 500 1.1%.
The Federal Open Market Committee began its two-day political meeting today, with the results and the press conference after President Jerome Powell’s meeting scheduled for Wednesday afternoon.
Although no one expects an interest rate change, traders will look for signs that Fed may become more hair with recent market turbulence and a slowdown in inflation.
The action of the market on Tuesday, however, suggests that the nervousness that the Fed is not yet ready to relieve politics more. After all, the slowdown in inflation observed in February was not so important and it was only a report. And the drop in markets – although painful for many – has also been quite modest given the impressive race higher in recent years.
According to CME Fedwatch, the rate traders today see no chance that the Fed will lower the prices tomorrow and only 20% chance that the central bank abstained at its next meeting in May. For June, however, there is 66% chance that the Fed will drop the rates.
