Reserve

Bitcoin

Impact

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-dynamics-and-the-impact-of-upcoming-federal-reserve-announcements/" data-wpel-link="internal">Bitcoin Price Dynamics and the Impact of Upcoming Federal Reserve Announcements</a> 
<a href="https://coin-turk.com/bitcoinde-btc-durum-kritik-bitcoin-fiyati-nereye-gidiyor" data-wpel-link="internal">Bitcoin</a> price is above $67,000, with some altcoins continuing to diverge positively. Macro-economic developments may not affect the markets as much as before, but potential surprises from the Fed this year could be troubling for investors. Therefore, upcoming announcements from the Fed side still hold potential risk. 
<h2 style="text-align: justify" id="fed-statements-on-march-7">Fed Statements on March 7</h2> 
As this article is being prepared, Fed member Bowman made some important remarks. Following the poor January data, the significance of the new inflation data to be announced next week has increased. Moreover, the employment and wage increase data (for February) to be announced tomorrow are also of critical importance. Bowman said today; 
<blockquote> 
 “January inflation data suggest that progress in reducing inflation could be slower in the future. Recent employment data show that the tight labor market continues. Considering the frequency of data revisions, we will maintain our cautious approach when evaluating any policy stance changes. I expect the decline in inflation to continue, but I see a set of upward inflation risks in my outlook. The current policy stance appears to be restrictive and appropriately calibrated to reduce inflation. If the data show that progress on inflation has halted or reversed, I will be willing to raise the policy interest rate. If the incoming data show that inflation is moving sustainably towards the 2% target, gradually lowering the policy interest rate will eventually be appropriate. I don’t think we are at that point yet.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-324413 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Fed-Faiz-Beklenti-2024.png" alt="" width="612" height="312"> 
Bowman’s statements mean that if we see surprisingly poor data, the possibility of an interest rate cut could decrease further. Therefore, the data to be announced tomorrow and next week are of key importance. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-dynamics-and-the-impact-of-upcoming-federal-reserve-announcements/" data-wpel-link="internal">Bitcoin Price Dynamics and the Impact of Upcoming Federal Reserve Announcements</a></h5>

Bitcoin Price Dynamics and the Impact of Upcoming Federal Reserve Announcements

목차

COINTURK NEWS

2024년 3월 7일에 게재된 다른 기사

Zhu Su pumps Milady to $19K, Alchemy Pay crypto bank, HK tokens: Asia Express

Helium IOT (IOT) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

DeeStream (DST) Dominates Early March: Bitcoin (BTC) and Ripple (XRP) Whales Dive into the Presal...

Adult Content Platform Extends Helping Hand to Ukraine with 500 ETH Donation

Next Cryptocurrency To Explode Thursday, March 7 – Render, Sei, Fantom

Metamask & Ledger Nano X: Seamless Bluetooth Integration

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!