The Federal Reserve (FED) is set to announce its interest rate decision, which is expected to be the most important of 2024 and could mark the beginning of an interest rate reduction cycle. The decision will be accompanied by the release of a dot plot. FED Chairman Jerome Powell will hold a live press conference following the announcement, adding to the significance of the meeting. Market expectations indicate a 56% probability of a 25 basis point cut, a 43% probability of a 50 basis point cut, and a 1% chance of interest rates remaining unchanged. Additionally, the Bitcoin price has been increasing in the past 24 hours leading up to the announcement, drawing attention from the cryptocurrency market.



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