2024

Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surpasses-60000-as-fed-minutes-indicate-economic-relief/" data-wpel-link="internal">Bitcoin Price Surpasses $60,000 as Fed Minutes Indicate Economic Relief</a> 
<a href="https://en.coin-turk.com/chinas-stock-market-turmoil-and-bitcoins-response/" data-wpel-link="internal">Bitcoin</a> price surpassed $60,000, and Fed minutes suggest the macroeconomic nightmare is nearing its end. Inflation exceeding 9% led the Fed to increase interest rates historically. Today, the details from the January 2022 minutes show the opposite, indicating a potential turning point. 
<h2 style="text-align: justify" id="fed-minutes-breaking-news">Fed Minutes Breaking News</h2> 
In January 2022, the Fed indicated the need to raise interest rates, sending a message to the markets. Now, for the first time, we see such dovish details. If the last inflation <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> before the September meeting also shows a decline, a parabolic rally in cryptocurrencies should commence. Key highlights from the minutes include: 
<ul style="text-align: justify"> 
 <li>Many participants said recent inflation developments and rising unemployment in July justified or supported a 25 basis point rate cut.</li> 
 <li>Most participants noted increased risks to the employment target, while many said risks to the inflation target had decreased.</li> 
 <li>Participants believed incoming data increased their confidence that inflation was progressing towards the 2% target.</li> 
 <li>The Fed team’s economic growth outlook for the second half of 2024 was downgraded due to weaker-than-expected labor <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market conditions</a>.</li> 
 <li>Some participants warned that reducing policy restrictions too early or too much could reverse inflation progress.</li> 
 <li>Many participants noted that easing policy too late or too little could unnecessarily weaken economic activity or employment.</li> 
</ul> 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-381996 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/BTCUSDT_2024-08-21_21-10-37.png" alt="" width="1291" height="598"> 
DXY is about to drop below 101. SP500 jumped to 5622, and bond yields fell to 3.765. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surpasses-60000-as-fed-minutes-indicate-economic-relief/" data-wpel-link="internal">Bitcoin Price Surpasses $60,000 as Fed Minutes Indicate Economic Relief</a></h5>
The post <a href="https://en.coin-turk.com/bitcoin-price-surpasses-60000-as-fed-minutes-indicate-economic-relief/" data-wpel-link="internal">Bitcoin Price Surpasses $60,000 as Fed Minutes Indicate Economic Relief</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Price Surpasses $60,000 as Fed Minutes Indicate Economic Relief

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