The Fed interest rate decision, which the cryptocurrency market and traditional markets were eagerly awaiting, was announced.
According to the published statement, the FOMC does not intend to reduce interest rates until there is more confidence that inflation is returning to target. Bitcoin's first reaction after its decision was as follows.
Here are the final evaluations after the decision:
Inflation fell last year but remains high.
Job gains were strong and the unemployment rate remained low.
The committee aims to achieve maximum employment and inflation of 2 percent in the long term.
The committee does not expect it to be appropriate to lower the target range until it gains greater confidence that inflation will move sustainably towards 2 percent.
In addition, the Committee will continue to reduce its holdings of Treasury securities, agency debt, and agency mortgage-backed securities, as described in its previously announced plans.
The Committee has a strong determination to return inflation to the 2 percent target.
The Fed stands ready to adjust its monetary policy stance as appropriate if risks emerge that could prevent it from achieving its goals.
