FOMC meeting this week: All eyes on Powell for rate hints and potential QT end, impacting crypto

• The Fed FOMC meeting will conclude on March 19th and is the final one before May. 
• Market participants expect the Fed to maintain the interest rates at 4.25%-4.50%.
• The Bank of Japan will also announce its interest rate decision on March 18th.

All eyes are on the Federal Open Market Committee (FOMC) as it wraps up its two-day meeting this Wednesday, March 19. This will be the final meeting until May this year. 

While markets widely expect the Federal Reserve to keep interest rates unchanged at 4.25%-4.50%, the real catalyst lies in what Fed Chair Jerome Powell says during the post-meeting press conference.

The Market’s Expectations

For traders like Michael and Esther, this is “the most important day of 2025.” They believe Powell’s words will shape market direction, with major implications for the S&P 500 (SPY) and broader risk assets, including crypto.

Currently, the SPY is trading below its 200-day simple moving average (SMA) at $572.55. If it fails to break above this level, further downside to $540 and possibly $520 remains likely. However, a rebound, could ignite a recovery across equities, including tech stocks that have seen significant correct…

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