edit: Things have turned a little sour in the meeting.
The follow up press conference didn't sound that bullish. While the minutes indicated that there is no increased rates from what's already planned, JPow had some hawkish undertones in his answers. Nothing sounded too dovish.
And he is even now saying there could be increases.
We are back to neutral...maybe even bearish.
But there is a lot of fog in JPow's answers. And he said a lot of the decisions will come in the next meeting in March with more details on numbers.
Stock crash potentially back on the table.
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As you might have already guessed with stocks shooting up, and cryptos spking, we didn't get the doom and gloom news today, we got some moderately bullish news.
Keep in mind, inflation is still very high, so it's not all rosy either.
So long term, there are still major economic issues looming.
It's also not super bullish for liquidity, or artificially propping up stocks with lowered rates.
But it's a fine balance, and probably a best case scenario.
In the minutes they mention unemployment has dropped, and the economic outlook is improving, according to the Fed.
So maybe no stock market crash...for this week.
Meaning maybe no Bitcoin crash below $30K this week either.
In fact, the spike in Bitcoin could potentially create a short squeeze, and we could see prices above $40K this week.
But we are not quiet out of the woods yet:
We still have the press meeting....so don't pull out the party hats yet.
We still need to hear how dovish or hawkish JPow might sound, and we haven't heard about timelines.
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