gtag('config', 'G-0PFHD683JR');
Crypto News

The encryption market faces short, short -term feelings after the Federal Reserve, the left of the interest rate without change to BOJ

After the Bank of Japan (BOJ) kept its rate of non -domain calls during the night without changing Tuesday, the Federal Reserve followed a similar path. On Wednesday, Federal Reserve Chairman Jerome Powell announced that the Federal Reserve Money will remain between 4.25 percent and 4.5 percent.

During his speech on Wednesday, Powell said that in the short term inflation had increased from the wars of customs tariffs. Earlier on Wednesday, President Donald Trump repeated that the Federal Reserve should reduce the standard interest rate and should be less than 2.5 points.

What next to the encryption market

The encryption market witnessed increasingly declining feelings amid the continuous Middle East crisis. With the Federal Reserve’s announcement of its intention to continue to reduce its property in treasury bonds and bonds, popularly known as quantitative tightening (QT), the short -term feelings are likely to continue.

“The committee will continue to reduce its property of securities, the debt of the agency and the securities that have been mortgaging. male.

Meanwhile, 12 officials by the Federal Reserve sees a price reduction at least before the end of this year, while 7 Federal Reserve officials expect a price reduction before Eoy. According to LSEG data, the US interest rate futures have a 71 percent opportunity for the Federal Reserve reduced its rate in September.

As Coinpedia mentioned before, the broader encryption market is likely to suffer from a summer of accumulation in the coming months before an epic gathering before the end of this year. A similar narration was formulated Benjamin Quinn, the encryption analyst, who expected the Altcoin market will continue to bleed to Bitcoin in the coming months.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button