The FED left interest rates constant, as expected.
Here is Bitcoin's first reaction after the interest rate decision:
<img fetchpriority="high" 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="noopener noreferrer nofollow">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/" rel="noopener noreferrer nofollow">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

在 2024年7月31日發表的其他文章

Dormant Ethereum Whale Awakens After Nine Years

Ethena and Bybit Partner for 20% APR on USDe Collateral

Will Solana (SOL) and Mpeppe (MPEPE) Outperform the Market in July 2024?

Trump’s Campaign Nets $21M at Bitcoin 2024 Conference

Polymarket Surpasses $1 Billion in Trading Volume, Driven by U.S. Election Betting Surge

Key Signals Point to MATIC Sell-Off, Boosting Investor Interest in Mpeppe (MPEPE)

訂閱免費電子報，每天收取加密貨幣最新動態！