In addition to the rate news, the FOMC announced it is slowing the reduction of Treasuries held on its balance sheet – the so-called quantitative tightening (QT) – from $60 billion per month to just $25 billion per month. Other things being equal, the move is likely to boost risk appetite and asset prices, wrote economist Joseph Brusuelas.

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• Source: https://www.coindesk.com/business/2024/05/01/federal-reserve-holds-policy-steady-says-progress-on-inflation-has-stalled/?utm_medium=referral&utm_source=rss&utm_campaign=headlines