Bitcoin

The FED decided to keep interest rates constant. However, it was seen that the FED followed a rather hawkish attitude in the statements it published with the interest rate decision. 
Here are the statements made by the FED along with the interest rate decision: 
<ul> 
 <li>The FED left the overnight interest rate constant in the range of 5.25-5.50% and foresees only one interest rate cut in 2024.</li> 
 <li>Despite the 'lack of progress' mentioned in the May 1 statement, 'modest progress' was made towards the 2% inflation target.</li> 
 <li>The Fed does not think it would be appropriate to lower its policy target range until it gains greater confidence that inflation is sustainably moving toward 2%.</li> 
 <li>The economy continues to grow at a solid pace, employment growth is strong, and the unemployment rate remains low.</li> 
 <li>The risks to achieving policy objectives have moved towards a better balance.</li> 
 <li>Inflation decreased last year but remains high.</li> 
 <li>The FED will continue to reduce its holdings of Treasury securities and mortgage-backed securities.</li> 
 <li>According to FED forecasts, 4 out of 19 officials do not foresee a rate cut in 2024, while 7 predict 1 and 8 predict 2 cuts.</li> 
</ul> 
Related News: <a href="https://en.bitcoinsistemi.com/breaking-fed-released-its-highly-anticipated-interest-rate-decision-here-is-bitcoins-first-reaction/" target="_blank" rel="dofollow">BREAKING: FED Released Its Highly Anticipated Interest Rate Decision - Here is Bitcoin's First Reaction</a> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/fed-leaves-rates-unchanged-but-the-statement-issued-is-more-critical-here-are-the-hawkish-statements-that-brought-bitcoin-down/">FED Leaves Rates Unchanged, But The Statement Issued Is More Critical – Here Are The Hawkish Statements That Brought Bitcoin Down</a>

FED Leaves Rates Unchanged, But The Statement Issued Is More Critical – Here Are The Hawkish Statements That Brought Bitcoin Down

Bitcoin Sistemi EN

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