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Parrot Bamboo
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Cryptocurrency market overview | 20 May 🔴 Market cap: $2.54 trillion (-0.21%) 🟢 BTC dominance: 52.03% (+0.21%) ⚡️ Fear and Greed Index: 70 (greed) #bitcoin #BTC $BTC

Cryptocurrency market overview | 20 May

🔴 Market cap: $2.54 trillion (-0.21%)

🟢 BTC dominance: 52.03% (+0.21%)

⚡️ Fear and Greed Index: 70 (greed)

#bitcoin #BTC $BTC

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Fed press conference: Bloomberg TV: The Fed said it only expected one rate cut, but the economic report didn't change much and inflation expectations haven't changed much from now until the end of the year. So why wait for interest rates to drop once? Do you have real estate and banking concerns? FED: We think that at this interest rate the economy will slow down sooner or later. We all know that when we increase interest rates, one day the interest rates will decrease, and when the data is as expected, we will reduce the interest rates. No officials at the Fed think it is necessary to raise interest rates further. The real estate situation is very complex, there is no cause for concern at the moment, although we think there will be more demand than supply. As for the banks, the situation is still good, they had some trouble last year but this year the banks are well capitalized. #BTCFOMCWatch #Fed #BTC $BTC
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🚨 President Joe Biden's campaign is in talks with crypto industry players to accept crypto donations via Coinbase Commerce. This could be a game-changer for political fundraising! #BTC $BTC #JoeBiden #Crypto #PoliticalDonations 🚀💰
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Fed press conference: Reuters: Today the Fed said there was only one rate cut possible. Has the Fed concluded that the current situation is not enough for a rate cut and that there will be only one rate cut this year? So what makes the Fed confident it can cut interest rates further next year? FED: We could not reach a conclusion today regarding the timing of the interest rate cut. We think today's CPI is very good, the economy is still good, and we wonder if interest rates and monetary policy are good right now, and the answer is that it's reasonable to keep interest rates unchanged. We think current interest rates will continue to make the job market more balanced, and this will go hand in hand with inflation continuing to fall. No one can know the future, but we think this trend will continue next year. #BTC #BTCFOMCWatch #Fed $BTC
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Fed press conference: New York Times: As expectations for the Fed's rate cut change, what should we think of this move? Is this because current interest rates are not high enough to continue to hold back inflation? FED: It is true that expectations have changed, but I would like to emphasize that long-term forecasts are based on an uncertain future. I can only say that we believe that monetary policy and interest rates are now tight enough because there is a lot of evidence to show that. #Fed #BTC #bitcoin $BTC
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Bloomberg: The job market has cooled, what does the Fed think about the current employment situation? FED: The labor market is returning to balance between supply and demand. In terms of supply, the number of jobs is down, wages are up less, but the unemployment rate is still good. Bloomberg: But in the latest report, the unemployment rate and the number of jobs are not in line with each other, what do you think? FED: It is true that the indices do not agree, but we are looking at the sum of many months' data, not just one month's data. The bottom line for now is that the job market is still good. #Fed #BTC #bitcoin $BTC
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