FED Released Its Highly Anticipated Interest Rate Decision! Here is Bitcoin’s First Reaction
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The FED left interest rates constant, as expected.
Here is Bitcoin's first reaction after the interest rate decision:
There are analysts who think that Jerome Powell may signal a rate cut in September at the press conference he will hold in half an hour.
The expected move could lead to lower borrowing costs for U.S. consumers and businesses and mark a key moment in the Fed's two-year fight against inflation.
Latest data shows inflation is steadily approaching the Fed's 2% target and there has been a notable cooling in the labor market, with the unemployment rate rising by nearly half a point to 4.1% this year.
