Reserve

Cryptocurrency

United

Bank AI

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/united-arab-emirates-advances-in-central-bank-digital-currency-plans/" data-wpel-link="internal">United Arab Emirates Advances in Central Bank Digital Currency Plans</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/birlesik-arap-emirliklerinin-cbdc-planinda-gelisme" data-wpel-link="internal">Cryptocurrency</a></strong> investors are experiencing a particularly busy period. Despite a sudden $10,000 drop, <a href="https://coin-turk.com/bitcoinde-btc-kritik-direnc-ve-destek-seviyesi-btcde-fiyat-analizi" data-wpel-link="internal">BTC</a> has returned to its previous level. <strong><a href="https://coin-turk.com/bitcoin-hash-orani-tum-zamanlarin-en-yuksek-seviyesini-kaydetti-bu-btc-icin-ne-ifade-ediyor" data-wpel-link="internal">Bitcoin</a></strong> is currently at $66,000, and Federal Reserve Chairman Powell has made significant announcements. The worst possible scenario under current conditions would be a one-year delay in Fed interest rate cuts, but there is no indication of this happening at the moment.</p> 
<h2 style="text-align: justify" id="powell-s-remarks">Powell’s Remarks</h2> 
<p style="text-align: justify">Federal Reserve Chairman <strong>Powell</strong> made important statements about the economy today. The inflation data expected next week and the employment and wage growth figures to be announced this Friday are of high significance. The key points from Powell’s speech are as follows;</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-323854 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Fed-faiz-gorunum-.png" alt="" width="615" height="316"></p> 
<ul> 
 <li style="text-align: justify">We are considering the risks of early, late, small, or large interest rate cuts.</li> 
 <li style="text-align: justify">We do not think it will be appropriate to lower the policy interest rate until we have more confidence that inflation will sustainably move towards 2%.</li> 
 <li style="text-align: justify">We will carefully assess incoming data, the evolving outlook, and the balance of risks.</li> 
 <li style="text-align: justify">The economic outlook is uncertain, and the progress towards 2% inflation is not assured.</li> 
 <li style="text-align: justify">The policy interest rate is likely at its peak for this cycle.</li> 
 <li style="text-align: justify">It will probably be appropriate to start easing policy restrictions at some point this year.</li> 
 <li style="text-align: justify">Labor demand still exceeds supply, nominal wage growth is easing.</li> 
 <li style="text-align: justify">The Fed’s restrictive stance is putting downward pressure on economic activity and inflation.</li> 
</ul> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/united-arab-emirates-advances-in-central-bank-digital-currency-plans/" data-wpel-link="internal">United Arab Emirates Advances in Central Bank Digital Currency Plans</a></h5>

United Arab Emirates Advances in Central Bank Digital Currency Plans

Table of Contents

COINTURK NEWS

Other articles published on Mar 6, 2024

What’s Next for Bitcoin Price After Dropping Nearly 10%?

Türkiye’s AI-Powered Network Solution Showcased at MWC 2024

Coinbase Pushes Back: Seeks Dismissal Of Default Judgment On Crypto Sales

CEX.IO Expands Portfolio with 19 New Cryptos in Q1 2024

Top Meme Coins of March 2024: Bonk, BEFE, Shiba Inu, Dogecoin and Dogwifhat

JUST IN: Details of the W Altcoin Airdrop, Which Is Alleged to Total $ 3 Billion, Have Become Cle...

Join our free newsletter for daily crypto updates!