Bitcoin While approaching $36,000 with the rise it experienced yesterday, BTC and global markets Fed Chairman Jerome PowellHe focused on ‘s speech.
““FED Research and Statistics Department at the Centennial Conference” The statements of the FED President, who will make the opening speech, will be followed closely.
Powell’s speech will begin at 17:15 Türkiye time.
At this point, the markets are expected to gain direction with Powell’s statements.
Jerome Powell, who is expected to announce his predictions about the interest rate policy that the FED will follow in the coming period and give a clue as to whether the interest rate will be increased in December, made a statement at the last interest rate meeting. “FED will decide whether to increase interest rates in the light of incoming data” He used the following expressions:
As it is known, the FED interest rate decision and FED Chairman Powell’s speech Bitcoin and it has a huge impact on cryptocurrencies. Because during Powell’s speech, BTC and cryptocurrencyThere may be harsh and sudden movements.
Except this Fed members Michelle W. Bowman and Lorie Logan He also made statements about interest rates yesterday.
Stating that he supports the FED’s decision to keep interest rates steady in November bowmanHe said he was open to supporting further interest rate hikes if incoming data showed that progress in inflation had stalled or was insufficient to reduce inflation to 2 percent in a timely manner.
Bowman also pointed out that in line with the statements of the FED president, the FED will closely monitor the incoming data regarding the interest rate increase and that the monetary policy is not on a predetermined route. Bowman also added that the Fed interest rate is currently restrictive.
Dallas Fed President Lorie Logan He said that he supported keeping the policy rate constant at the FED’s meeting last week to evaluate whether financial conditions are tight enough to reduce inflation, but that the fight against inflation has not yet been won.
The next FOMC meeting will be held on December 12 – 13, and the critical interest rate decision will be announced on December 13 at 21:00 CET.
*This is not investment advice.
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