In the current financial climate, experts have noted that the Federal Open Market Committee (FOMC) is expected to maintain steady interest rates. The meeting is scheduled for January 30 and 31.
The Fed is reportedly maintaining the status quo due to recent economic data that has been better than expected. Bloomberg analysts note that the focus is now shifting to the FOMC’s March meeting and beyond, with expectations that any policy easing might commence only after that.
Amid this, Wall Street closed the week positively, with the S&P 500 touching a record high on Friday. This surge, particularly evident in technology companies, has propelled the main US equity benchmark to surpass its previous peak from January 2022, as noted by the Financial Times.
Tech correlation: a sloppy indicator
In contrast to the surging stock market, Bitcoin’s performance remains moderate. The king coin is currently priced under $42,000. It has a trading volume of $7.267 billion over 24 hours, based on
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