BREAKING NEWS: FED Announces Major Interest Rate Decision! Good or bad for Bitcoin?

As of today,#USinflation data They have been traced in traditional financial markets and in the crypto sector. The announcement of lower than expected inflation (3.3%) has allowed crypto assets to show upward movements.

Recently, the United States Federal Reserve (FED) announced a new decision on interest rates. Th#FEDannouncedthat interest rates will remain unchanged at 5.50%, in line with expectations.

The United States Federal Reserve (FED) included the following information in the economic report shared along with the interest rate decision:

** We do not believe it is appropriate to reduce the scope of the policy target until there is greater confidence that inflation will move sustainably towards 2%.

**Despite the lack of progress noted in the May 1 statement, modest progress was made toward the 2% inflation goal.

**Fed policymakers predict 2.1% GDP growth and 4% unemployment in 2024; both remained unchanged from March.#not #lunc #bome #phb