FED FOMC Meeting Minutes Announced! Does it affect Bitcoin?
Recently, FED minutes of the last FOMC meeting were announced.
The United States (USA) continues to be on the agenda of traditional financial markets and the cryptocurrency industry. Economic data and statements from the USA affect the price movements of crypto assets.
Recently, the minutes of the last FOMC meeting of the US Federal Reserve (FED) were announced. Here is the important information in the latest minutes:
The majority of those who attended the FED's meeting on June 11-12 think that US economic growth is gradually cooling down.
Most participants felt that the current policy stance was restrictive.
Some participants said interest rates may need to be raised if inflation remains high or rises further.
Some participants emphasized that further weakening of demand could lead to a greater unemployment response than in the recent past.
May CPI data was seen by participants as additional evidence of progress towards the inflation target.
Participants believe the committee has made modest progress towards its 2% inflation target in recent months.
Since the latest FED FOMC meeting minutes were not much different from other meeting minutes, they did not have an impact on the leading cryptocurrency Bitcoin (BTC).
