*FED RAISES BENCHMARK RATE 25 BPS TO 5%-5.25% TARGET RANGE

Fed FOMC statement deletes language that previously suggested that interest rates will be raised in the future! [FOMC Paper]

Press Conference starts at 7.30 London / 2.30 NY
more important than the +25bps

WHITE HOUSE: AMERICANS CAN BE CONFIDENT IN BANKING SYSTEM AFTER ADMINISTRATION TOOK ACTION FOLLOWING RECENT EVENTS

godmode

POWELL: ECONOMY IS LIKELY TO FACE HEADWINDS FROM CREDIT CONDITIONS

Liquidity and depth in ES/BTC are very very poor

Fed’s Powell: A Decision on a Pause Was Not Made Today [BBG]

No rate cuts!

sectors perf post fomc

banks 5ycds

sm inflow /24hrs

defi, meta, gaming, pow, mining are dead clean returns since dec/2022 (don't be dry liquidity)
Fan tokens, launch pool/ launchpads, BCS, Innovations coins are real performers (continue to outperform) Trend/friend

NFP tomorrow; Friday 05/May

Est; 236k

Forecasts;
Average: 193.13k
Median: 182K

Japan is closed for the rest of the week. Meaning very poor overnight liquidity and you can see that not many contracts trading in book!

FOMC Note from GS;