FED Meeting Minutes Published! Good or Bad for Bitcoin?
The minutes of the FED's last FOMC meeting have been published.
As always, the US continues to be on the agenda of traditional financial markets and the cryptocurrency sector today. Economic data from the US affects the price movements of Bitcoin (BTC) and altcoins.
The minutes of the US Federal Reserve's (FED) last FOMC meeting were announced in the past minutes. Here is the important information in the latest minutes:
“According to the minutes, the vast majority of participants said that if the data continues to come as expected, it would be appropriate to ease policy at the next meeting.
Some participants said that the recent progress in inflation and the increases in the unemployment rate provide a reasonable basis for a 25 basis point interest rate cut at the July meeting or that they could support such a move.
The majority of participants stated that the risks to the employment target have increased, while the risks to the inflation target have decreased.
Participants said they saw the latest data as a development that strengthened their confidence that inflation was moving towards the 2% target.
All participants supported keeping the policy rate at the current range in the last interest rate decision.
Some participants said that reducing policy restrictions too early or too much could reverse the declines in inflation.
It was observed that the leading cryptocurrency Bitcoin (BTC) was not affected by the latest Fed minutes.
