Once upon a time I used to have no idea about the so called FED meeting while I was in crypto space but now everyone seems to be more interested in the FED as if they hold the key to where the market is heading, in fact it looks like the case, is FED not the greatest market manipulators to ever existed? Every people in crypto are now looking forward to February 1st for either a pump or a dump, depending on what the FED offers us. I feel like the FED has the power over everything stock or crypto.
That's what they want you to believe
And they are super successful with this. 90% of monetary policy is talking, 10% is doing. They tell you they will be hawkish so you sell and limit spending. Its kinda self-fulfilling prophecy.Jeff Snider explain it in a simple way - https://www.youtube.com/watch?v=KNa-fewraJA&t=36s&ab_channel=WhatBitcoinDid
FED does not have tools to impact markets nor they even know what is going on and how money works. They have a tool to make you think they have tools
What we will see in February 1st is a single day strong volatility that does not influence rest of the trading month. People get excited about huge dump/pump, not realizing its being eaten up in next 2 trading days and market continue to do its job going in direction it would go without announcement. We just have to look at wider picture and ignore the fact that market changed in a casino for 1 day a month. You will see trends that makes FED do what they do istead of gambling on single FED decision. Who cares if they will stop rising rates this time or after 3 months? They will do it sooner or later, inflation is already dumping. Market knows it and buys the dip. Will sell the top after FED pivot to guys who still wait for better times.
