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Market Rally Continuing???Jerome Powell FOMC Meeting UpdateCrypto Investors Are Left Guessing the Fed's Next Move. The CPI data shows This month's FOMC meeting is expected to result in a 50 basis point interest rate. Bitcoin Falls After Tech Earnings. The Fed Meeting Will Be the Next Test. Bitcoin and other cryptocurrencies were mostly weaker Wednesday as. cutting rates. The minutes of the Federal Reserve's (Fed) December meeting released Wednesday showed interest rate cuts are likely in