The Federal Reserve has firmly decided to keep the funds rate within its current range of 5.25%-5.5%.
This decision places the interest rate at its highest level since the early 2000s.
The global crypto market remains down, showing modest gains.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) is set to announce its stance on interest rates this Wednesday. Analysts widely predict that the FOMC will maintain the target range for the federal funds rate at a historic 5.25%–5.5%, marking a 22-year high.
Fed Chair Jerome Powell also recently signaled that the committee will carefully assess the consequences of recent rate hikes as they approach the conclusion of their rate-tightening campaign. While inflation levels in the United States continue to exceed the Federal Reserve’s 2% target, the FOMC is poised to announce a “pause” in rate increases for the second time this year. Nevertheless, it’s important to note that the Fed retains the option to raise interest ra
We współpracy z: https://thenewscrypto.com/feds-interest-rate-update-might-trigger-bitcoin-btc-rally/
