By Francisco Rodrigues (All times ET unless indicated otherwise)

Global markets are treading water as investors wait on the Federal Reserve’s latest policy move, coming later today. It’s almost a given the Fed will cut interest rates by 25 basis points. Traders will instead focus on Chair Jerome Powell for signs on future policy.

The cryptocurrency market is no different. Over the last 24 hours, the CoinDesk 20 (CD20) index is practically unchanged, up just 0.2%, while bitcoin (BTC) is around 1% higher. Gold, which surged to a record $3,700 this week, slipped 0.5%. The U.S. dollar index added less than 0.2%.

Equities markets have barely moved as well. U.S. stocks slipped in yesterday’s session, while European equities are edging higher. The FTSE All-World Index advanced less than 0.1% t

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