Reserve

Cryptocurrency

Future

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-cryptocurrency-fluctuations-and-federal-reserve-statements/" data-wpel-link="internal">Insights on Cryptocurrency Fluctuations and Federal Reserve Statements</a> 
<a href="https://en.coin-turk.com/binance-ceos-fortune-surges-amid-legal-challenges/" data-wpel-link="internal">Cryptocurrencies</a> faced significant losses at the opening of Asian markets today but quickly rebounded. Geopolitical tensions seem to have subsided for now as the parties have exhausted their energies and have no intention of escalating matters. Cryptocurrencies shaken by stray rockets are returning to their previous levels. 
<h2 style="text-align: justify" id="fed-statements-on-april-19">Fed Statements on April 19</h2> 
On the macroeconomic front, things are not going well. Following the latest inflation and employment data, expectations for a rate cut have been postponed to September. We had written in our Sunday review that this week would be extremely busy in terms of statements from Fed members. So, what is Fed member Goolsbee saying as this article is being prepared? 
<blockquote> 
 “It makes sense to wait for more clarity before taking action. Progress on U.S. inflation has stalled. All data does not show the labor market is overheating. I see more room for progress in service inflation than increases in labor supply. Persistently high housing inflation is a short-term fundamental issue. I am still hopeful about a return to improvement in inflation in the coming months. Future appropriate Fed policy will depend on the data. The Fed’s current restrictive monetary policy is appropriate. The Fed’s path for 2024 is more challenging. We have been very successful in employment but not in inflation. Reducing inflation to the 2% target will take longer. If you stay at this level of restriction for too long, you start to think about its impact on employment. Reaching 2% inflation without progress in the housing sector is more difficult. I do not know if the latest inflation is a sign of overheating. The Fed is deciding how restrictive it needs to be. If productivity continues, it will change everything.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-342304 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/fed-19-nisan.png" alt="" width="581" height="318"> 
These were the key points in his statements, and if the April data also comes in poor, we might see days when the Fed becomes even more hawkish. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-cryptocurrency-fluctuations-and-federal-reserve-statements/" data-wpel-link="internal">Insights on Cryptocurrency Fluctuations and Federal Reserve Statements</a></h5>

Insights on Cryptocurrency Fluctuations and Federal Reserve Statements

Table of Contents

COINTURK NEWS

Other articles published on Apr 19, 2024

Binance’s Yi He shares Changpeng Zhao’s situation in the U.S.

Stellar Development Foundation Emphasizes Blockchain’s Potential for Economic Growth

Google set to execute new layoffs in a bid to cut costs

Bitcoin Halving 2024 : 5 Myths, Facts, and the Path Forward Revealed

Finally, Wu-Tang Clan Icon Bridges the Gap Between BTC Ordinals and American Rap

Top 3 Under-the-Radar Altcoins That Could Surge

Join our free newsletter for daily crypto updates!