Digital Coin News

Bitcoin price trades flat as Federal Reserve holds rates steady

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Bitcoin barely moved on Wednesday after the U.S. Federal Reserve decided to keep interest rates at their current levels.

Bitcoin's price remained relatively steady on Wednesday after the U.S. Federal Reserve kept interest rates at their current level on Wednesday.

Regarding the possibility of a rate cut, the central bank said that "the Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%.""The economic outlook is uncertain, and the Committee remains highly attentive to inflation risks," the FOMC statement added.

According to the CME FedWatch Tool, the market now expects at least one rate cut by the July 31 FOMC meeting and rates to be about 50 to 100 basis points lower by the end of 2024.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gold Price Forecast: XAU/USD keeps hovering around $2,150 ahead of Federal Reserve’s decisionGold trimmed Monday’s gains amid resurgent US Dollar demand, with XAU/USD trading around $2,154 in the mid-American session.
Source: FXStreetNews - 🏆 14. / 72 Read more »