Cryptocurrency

Reddit

Bitcoin ETF

Bitcoin

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fed-member-harker-comments-on-economic-indicators-and-policy/" data-wpel-link="internal">Fed Member Harker Comments on Economic Indicators and Policy</a> 
<a href="https://coin-turk.com/bagimsiz-bitcoin-gelistiricisine-150-000-dolarlik-hibe" data-wpel-link="internal">Bitcoin</a> price at the time of writing is around the $52,000 mark, influenced by <a href="https://newslinker.co/" data-wpel-link="exclude">news</a> on Reddit. Fed member Harker made some statements. The significance of comments made by Fed members has increased following the latest inflation and employment data. Even though the expectation of an interest rate cut in March has vanished, it is important to monitor the outlook for June and subsequent meetings. 
<h2 style="text-align: justify" id="fed-statements">Fed Statements</h2> 
Cryptocurrency markets were shaken by concerns over the Fed’s continuation of tight monetary policy for a longer period, alongside a slowdown in spot <a href="https://en.coin-turk.com/smart-investors-strategic-bitcoin-purchase-leads-to-major-profit/" data-wpel-link="internal">Bitcoin</a> ETF entries. The stance on the Fed’s side is quite clear, but we see the market’s excessive optimism being undercut, and Harker stated the following during the time of writing; 
<blockquote> 
 “The latest CPI data shows uneven progress in pulling down inflation. The deflationary trend has accelerated, and the Fed is on the final stretch towards 2%. We may be close to lowering interest rates, but we are not certain when this will happen. There are many signs that the labor market is becoming more balanced. The US GDP continues to be strong. The biggest risk is the Fed lowering interest rates too early. Financial market liquidity remains abundant. An increase in layoffs is not a sign of an approaching recession.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-318456 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/Fed-Guncel-Faiz-Tahmini.png" alt="" width="642" height="588"> 
The key points of the statements are outlined above, and the outlook is not that bad. However, the inflation data for February coming in March is of critical importance. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/fed-member-harker-comments-on-economic-indicators-and-policy/" data-wpel-link="internal">Fed Member Harker Comments on Economic Indicators and Policy</a></h5>

Fed Member Harker Comments on Economic Indicators and Policy

Table of Contents

COINTURK NEWS

Other articles published on Feb 22, 2024

Stacks (STX) & Ethereum (ETH) investors go crazy for Kelexo (KLXO) presale as platform looks to 2...

Can Your $100 in Worldcoin Turn To $1000 In This Crypto Bull Run?

Green Bitcoin: Sustainable Energy Usage Surges To Record 55% High

Nigeria imposes access restrictions on major crypto exchanges, including Kraken, Binance, and Coi...

Binance Launches GLM Perpetual Contracts with Leverage Options

Analyst Predicts $500,000 Per Bitcoin (BTC) If This Happens

Join our free newsletter for daily crypto updates!