Time

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/fed-official-announces-time-for-interest-rate-cuts/" data-wpel-link="internal">Fed Official Announces Time for Interest Rate Cuts</a> 
Volatility in cryptocurrencies continues, and the <a href="https://en.coin-turk.com/ark-invest-ceo-cathie-wood-predicts-seven-figure-bitcoin-valuation-amid-global-economic-volatility/" data-wpel-link="internal">BTC</a> price is around the $61,000 mark. Yesterday’s minutes were extremely positive. Now, Fed member Collins is making some important statements. Although unemployment <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> came in higher than the previous month, the BTC price saw some selling before the opening of the US stock markets. If demand does not increase at the market opening, a drop similar to previous ones may occur in a few hours. 
<h2 style="text-align: justify" id="fed-statements-and-crypto">Fed Statements and Crypto</h2> 
Investors are tired of the price dropping at the end of every rise and now this needs to reverse. For now, BTC is around the $61,000 mark, but $61,400 is a safe zone. On the other hand, belief in interest rate cuts is strengthening. Collins now stated that the time for interest rate cuts has come. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-382304 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/Fed-faiz-indirim.png" alt="" width="805" height="302"> 
We can summarize the important highlights of the ongoing statement as follows: 
<ul> 
 <li style="text-align: justify">The labor market is generally quite healthy, and we want to maintain this.</li> 
 <li style="text-align: justify">Unemployment is still low, and unemployment claims indicate a regular rebalancing.</li> 
 <li style="text-align: justify">The Fed is generally in a healthy position, and maintaining this is important.</li> 
 <li style="text-align: justify">The employment market is healthy despite revisions.</li> 
 <li style="text-align: justify">Inflation data is consistent with greater confidence that inflation will return to 2%.</li> 
 <li style="text-align: justify">The time to start cutting <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rates</a> has come.</li> 
 <li style="text-align: justify">After shifting to a different policy stance, a gradual and methodical rate cut pace will be appropriate.</li> 
 <li style="text-align: justify">We still see some ongoing resilience among consumers, although there are stress points.</li> 
 <li style="text-align: justify">We do not see red flags in consumption data.</li> 
 <li style="text-align: justify">Inflation and employment have reached a better balance.</li> 
</ul> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/fed-official-announces-time-for-interest-rate-cuts/" data-wpel-link="internal">Fed Official Announces Time for Interest Rate Cuts</a></h5>
The post <a href="https://en.coin-turk.com/fed-official-announces-time-for-interest-rate-cuts/" data-wpel-link="internal">Fed Official Announces Time for Interest Rate Cuts</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Fed Official Announces Time for Interest Rate Cuts

Table of Contents

COINTURK NEWS

Autres articles publiés le 22 août 2024

BREAKING: Binance Listings Can't Stop! Announces Listing of Two More Surprise Altcoins!

Ethereum’s Five-Year Gas Fee Low: A Hidden Danger for Investors?

Cardano (ADA) Might Flip TRX and DOGE If This Happens

DOGS Crypto Trades $4M As Bitcoin Dogs Eyes Listing Day Pump

Whale Buys $2.4M in BlockDAG Coins: Largest Presale Transaction Ever; Ethereum ETF Inflows Rise &...

Ripple Issues First RLUSD During Beta Testing, Sparking Community Buzz and Caution

Join our free newsletter for daily crypto updates!