Fed minutes dropped – and it’s not good vibes

Minutes of FOMC came out yesterday.

These are detailed notes from the last meeting of the Fed policy – in this case, from May 6 to May 7, when they decided to leave interest rates unchanged at 4.25% – 4.50%.

Traders dig into these notes to ask for It hints at what Fed’s planning is – Specifically, is the cut cut on the horizon.

(Because lower rates = bulls for cryptocurrencies.)

So … do we get it?

I hate to break that on you, But it doesn’t look like that.

According to the minutes, Fed officials are worried that two things are getting worse at the same time: inflation and unemployment.

This puts them in a difficult place:

• If it reduces rates to help the labor market, inflation could increase;

• If they increase the rates to fight inflation, unemployment could increase.

The script without victory. So, they agreed that it was safest, which should be careful now.

Translation: Fed will probably Keep the prices the same When they meet again on June 17 to 18.

And yes, the markets are not delighted with it.

To a more positive note, however, Nvidia -ow earning q1 He also came out yesterday – and they knocked him down. Income and profit were both of both Better than expected.

Although this is not directly related to the crypto, it is still important. Great wins in the technology sector tend to Improve the total confidence of investors. And when the mood is good, big cryptocurrencies often ride that wave.

Besides, it’s another W for Ai, which feeds on the crypto + ai narrative.