As was almost universally expected, the American federal reserve left its Fed Fed rate beach on Wednesday of a stable reference of 4.25% to 4.5%.
In a rare gap compared to standards, two fed on – Michelle Bowman and Chris Waller governors – are dissident of the decision, preferring reduction rates of 25 base points. This is the first time that two Fed members have been dissident from a political decision since December 1993, according to the chief strategist of the Carson group, Ryan Detrick.
“Although the oscillations in net exports continue to affect data, recent indicators suggest that the growth in economic activity has moderated in the first half,” said the Fed’s Declaration of Support. “The unemployment rate remains low and labor market conditions remain solid. Inflation remains somewhat high.”
Bitcoin (BTC) fell almost 0.5% in the minutes that followed the decision at $ 117,400. The S&P 500 and Nasdaq indexes have changed modestly from previous gains.
In particular, a merchant called “Spice” put a bet of almost 1.3 million dollars thanks to the place of prediction based on the Polymarket blockchain on the Fed Garding Interest rate, noted Lookonchain on Wednesday. The bettors put a probability of around 98% for this result, which means that Trader would benefit from 2 cents out of 98 cents.
However, as the decision approached, the merchant reduced the position to $ 724 million, showed Polymarket data.
Market players now focus on the remarks of the Fed chair, Jerome Powell, at 2:30 p.m. he for the signals of a drop in potential rate at the next meeting in September. Powell’s preference for stable policy in recent months has been subject to considerable pressure from President Trump.
Before today’s events, the CME Fedwatch tool showed a probability of almost 60% for lower rates in September.
