FOMC

United

Bitcoin

<div class="sg-post-des">
  This week, The Market Report discusses Bitcoin’s recent price action and the upcoming FOMC meeting, where some speculate interest rates might be paused. 
</div> 
<div class="cointelegraph"> 
 <p>On this week’s episode of <em>The Market Report</em>, analyst Marcel Pechman discusses Bitcoin’s (BTC) strength ahead of the United States Federal Reserve’s&nbsp;Federal Open Market Committee (FOMC) meeting, with investors betting on an interest rate freeze.</p> 
 <p>Pechman expresses skepticism about the claim that recent inflation data indicated the Federal Reserve’s 2% target was within reach, citing the time lag for interest rate changes to impact inflation and previous instability caused by rate increases.</p> 
 <p>Moving on, Pechman addresses the decreasing supply of Bitcoin on exchanges, seen as a bullish signal. However, he disagrees that this alone was responsible for Bitcoin’s price surge. Marcel also ponders whether this activity was related to the FOMC meeting but considers it unlikely to be a short-term event.</p> 
 <p>The next topic covered in the show is the Securities and Exchange Commission’s request to access Binance.US’ software. Pechman explains that while it might seem like the SEC faced a loss in court, the judge expressed doubts about Binance.US’ control of its assets and requested more evidence.&nbsp;</p> 
 <p>Pechman speculates that Binance was seeking a delay and extension to provide documents or reorganize its operations. Pechman emphasizes the judge’s remarks against Binance and acknowledges the challenges it might encounter in dismissing the accusations, as well as the potential implications for the exchange’s future.&nbsp;</p> 
 <p>Listen to the full episode of <em>The Market Report</em> on the new Cointelegraph Markets &amp; Research YouTube channel, and don’t forget to click “Like” and “Subscribe” to keep up-to-date with all our latest content.</p><iframe width="100%" height="315" src="https://www.youtube.com/embed/s3Ibar7yYS4" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> 
 <template data-name="subscription_form" data-type="markets_outlook"></template> 
</div> 
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/interest-rate-hikes-may-pause-very-soon-here-s-why-tbt63297.html">https://thebittimes.com/interest-rate-hikes-may-pause-very-soon-here-s-why-tbt63297.html</a></p>

Interest rate hikes may pause very soon — Here’s why

TheBitTimes

Other articles published on Sep 19, 2023

Shiba Inu Smashes New Milestone as Adoption Rate Metric Jumps

TTOO Stock Forecast: Buy, Sell, Or Hold T2 Biosystems Stock?

Crypto trader turns $3.2k investment into $313k in three weeks

According to a report, Scaramucci is the front-runner for the Silicon Valley Bank’s venture capit...

Introducing “This Is Fine” ($FINE): The Meme and Culture Coin Taking Crypto by Storm

Judge Refuses to Compel Binance.US to Release Documents Requested by SEC, Calls for Cooperative A...

Join our free newsletter for daily crypto updates!