2021-1-27 01:03 |
Comments from Fed chair Jerome Powell could tell bitcoiners how committed the central bank is to staying the course on low interest rates through the rest of the year.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
|
| Analogue Notcoin - TapSwap |
The U.S. central bank concludes its two-day policy meeting on Wednesday afternoon.
The Fed is widely expected to hold rates steady next week, but traders will be watching for signals about future policy moves.
Bitcoin looks set to benefit little from the latest CPI figures, analysts warn, with fresh BTC price losses firmly on the cards.
The Bitcoin and crypto markets are experiencing a slight upswing today, with BTC and other major altcoins making gains. The main catalyst behind this uptrend appears to be yesterday’s Federal Open Market Committee (FOMC) meeting.
As the eagerly anticipated Federal Open Market Committee (FOMC) meeting approaches, the financial world is abuzz with speculation about the potential implications for Bitcoin and crypto. Tomorrow, on Wednesday, July 26th, at 2 pm EST, the FOMC will announce its interest rate decision.
The Consumer Price Index (CPI) data for June, released by the Bureau of Labor Statistics today, has sent ripples of optimism throughout the Bitcoin and crypto market. The latest figures reveal a surprising cooling in inflation, which has ignited hopes of a positive outlook.
In addition, the national ISM manufacturing survey, released during the long July 4 weekend, fell to its weakest level since May 2020.