The Federal Reserve (Fed) announced the interest rate decision that the markets were eagerly awaiting. The Fed did not change the interest rate and left it at 5.50 percent. This decision was within expectations. 💵
While announcing its interest rate decision, the Fed evaluated inflation and economic growth data. Inflation dropped to 3.1 percent in the USA in November. Economic growth was 2.1 percent.
Fed President Jerome Powell said at the press conference where he announced the interest rate decision that inflation is still high and that they will continue to work to reduce it. Powell stated that economic growth is also strong and that monetary policy will remain supportive to sustain this growth. ⚡️
The Fed's decision to keep interest rates constant caused a mixed reaction in the markets. Some analysts were not happy with the decision, stating that they expected the Fed to take more aggressive steps in the fight against inflation. Other analysts stated that it was the right decision for the Fed to pause interest rate hikes to support economic growth. 💵💵💵
#FED 's interest rate decision is an important indicator for the US economy and global markets.
The economic data to be announced in the coming months will also affect the Fed's interest rate decision.
Possible effects of the interest rate decision 🤔
The fact that the Fed keeps the interest rate constant has an important point for us, apart from all its other effects. Our topic is cryptocurrencies. ✨💵✨
It is expected that the Fed will pause interest rate increases for a while and the interest rate will gradually reach its peak and move downwards. This will spark the long-awaited demand for risky assets. This could lead to increases in cryptocurrency markets. However, we should not exclude the possibility that the Fed will take more aggressive steps in the fight inflation. ⚡️
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