The FED left interest rates constant, as expected. 
Here is Bitcoin's first reaction after the interest rate decision: 
<img decoding="async" class="alignnone wp-image-149644 size-large" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/07/93ece1e2-b1af-4430-9d98-97c7caecb4ad-1024x604.jpeg" alt="" width="696" height="411"> 
There are analysts who think that Jerome Powell may signal a rate cut in September at the press conference he will hold in half an hour. 
The expected move could lead to lower borrowing costs for U.S. consumers and businesses and mark a key moment in the Fed's two-year fight against inflation. 
Related News: <a href="https://en.bitcoinsistemi.com/only-minutes-to-go-fed-to-announce-interest-rate-decision-here-are-the-latest-information-and-expectations/" target="_blank" rel="dofollow">Only Minutes to Go - FED to Announce Interest Rate Decision - Here are the Latest Information and Expectations</a> 
Latest data shows inflation is steadily approaching the Fed's 2% target and there has been a notable cooling in the labor market, with the unemployment rate rising by nearly half a point to 4.1% this year. Fed officials have emphasized the delicate balance of keeping interest rates high enough to control inflation without causing a prolonged economic slowdown. 
Economists predict interest rate cuts, potentially starting as early as September, could help the Fed achieve a “soft landing” in which high inflation is brought under control without triggering a recession. This scenario could also affect the upcoming presidential race, with Republicans linking Vice President Kamala Harris to the rise in inflation over the past three years. Former President Donald Trump opposed interest rate cuts before the election. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/breaking-fed-released-its-highly-anticipated-interest-rate-decision-here-is-bitcoins-first-reaction-2/">BREAKING: FED Released Its Highly Anticipated Interest Rate Decision! Here is Bitcoin’s First Reaction</a>

BREAKING: FED Released Its Highly Anticipated Interest Rate Decision! Here is Bitcoin’s First Reaction

Bitcoin Sistemi EN

Další články publikované 31. 7. 2024

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