Latest news about Fomc

The trend indicators from CoinCryptoUs Indices are indicating a downward movement for both bitcoin and ether.

Bitcoin remains stagnant, inching closer to marking its first month of decline in 2023. Meanwhile, Ether experiences a slight increase but appears poised to end May in the red as well.

The Federal Open Market Committee's recent meeting left the markets confused due to ambiguous messaging, leaving them struggling to interpret the signals conveyed by both the FOMC statement and Chair Jerome Powell's comments. This is a common occurrence in central bank policy-setting, which often involves abstruse signals. However, the emergence of new tools like blockchain's cryptographic verification systems could potentially aid policymakers in making more informed decisions.

After a slightly higher than expected jobless claims report, the top two cryptocurrencies by market capitalization remained relatively stable, indicating a minor cooling in the job market.

BTC saw a slight decrease of approximately 1% following the announcement of a 25 basis point increase in the federal funds rate by the U.S. central bank. Fed Chair Jerome Powell mentioned that the central bank had removed any indications of further rate hikes during upcoming meetings.

As bullish and bearish storylines intersect, the balances on exchanges may offer the most insightful indications.