Cryptocurrency While one more week is left behind in the market, there will be important developments in the next week.
Cryptocurrency and Bitcoin Markets Eyes Will Be On The Interest Decision To Be Announced On Wednesday
At the beginning of the developments to be followed next week, together with the whole financial world, bitcoin There is also the US interest rate decision, which is followed closely by users. FED’s interest rate decision will be announced on Wednesday, December 14 at 22:00 Turkish time.
On the same day, Powell will speak and answer questions at 10:30 pm.
Traders are only looking for a half-point increase. Federal funds futures trading on the Chicago Mercantile Exchange shows an 80% probability of a half-point increase.
The Fed had increased interest rates by 75 basis points in the last four meetings (June, July, September and November). These followed two small rate hikes earlier this year. The Central Bank’s short-term interest rate, which was zero at the beginning of the year, is currently in the range of 3.75% to 4%.
The more widely followed November Consumer Price Index data was released on Tuesday, just one day before the Fed’s announcement. CPI in the USA increased by 7.7% on an annual basis as of October.
However, the US annual inflation rate will be announced on Tuesday, December 13, before the Fed’s decision on Wednesday. In the statement to be made at 16:30 CET, the expectation is 7.3%. The previous rate was 7.7%.
Another development to follow on Tuesday, December 13 will be Sam Bankman-Fried’s testimony before the US Financial Services Committee. It is still unknown whether the SBF will participate in this face-to-face.
On Thursday, December 15, the European Central Bank will announce its interest rate decision at 16:15 CEST. On the same day, the Bank of the United Kingdom will announce its interest rate decision.
US weekly jobless claims data will also be released on Thursday, December 15.
*Not investment advice.
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