Bitcoin Drops Below $64,000 as Fed Holds Rates – Next Stop $60,000 or $70,000?
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The Federal Reserve Chair, Jerome Powell, has indicated a possible interest rate cut in September, dependent on incoming economic data, while maintaining current rates steady. The key rate remains between 5.25% and 5.5%, reflecting progress towards the Fed's 2% inflation target. Powell emphasized that any decision on rates would be based purely on economic indicators, reaffirming the Fed’s independence from political influences.
This stance comes despite the central bank not committing to a definite reduction, citing the need for flexibility in response to economic conditions. The possibility of a 25 basis point reduction has a high likelihood according to market predictions, though a more significant 50 basis point cut seems off the table for now.
Investors and market analysts are set to closely watch the forthcoming economic data, which will be crucial in guiding the Fed's next steps. The outcome of this potential rate cut could significantly influence borrowing costs, investment strategies, and the broader economic landscape.
The Federal Reserve Chair, Jerome Powell, has indicated a possible interest rate cut in September, dependent on incoming economic data, while maintaining current rates steady. The key rate remains between 5.25% and 5.5%, reflecting progress towards the Fed's 2% inflation target. Powell emphasized that any decision on rates would be based purely on economic indicators, reaffirming the Fed’s independence from political influences.
This stance comes despite the central bank not committing to a definite reduction, citing the need for flexibility in response to economic conditions. The possibility of a 25 basis point reduction has a high likelihood according to market predictions, though a more significant 50 basis point cut seems off the table for now.
Investors and market analysts are set to closely watch the forthcoming economic data, which will be crucial in guiding the Fed's next steps. The outcome of this potential rate cut could significantly influence borrowing costs, investment strategies, and the broader economic landscape.
ماه قبل
در تاریخ 1403/05/11 منتشر شده
است.
24
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