FOMC Leaves Interest Rates Unchanged, Hawkish Tone Impacts Bitcoin | Flash News Detail | Blockchain.News
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6/12/2024 6:30:00 PM

FOMC Leaves Interest Rates Unchanged, Hawkish Tone Impacts Bitcoin

FOMC Leaves Interest Rates Unchanged, Hawkish Tone Impacts Bitcoin

According to @CryptoMichNL, the Federal Open Market Committee (FOMC) has decided to leave interest rates unchanged, which was widely anticipated. However, the hawkish tone from the FOMC is not seen as a positive development. Jerome Powell's speech and future projections are expected to significantly influence Bitcoin's market movements. Additionally, today's Consumer Price Index (CPI) data was very positive.

Source

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast