Fed Chairman Powell He will speak at the US Senate Banking Committee at 18.00.
Powell’s messages will be decisive for the direction of Bitcoin and the markets. at WSJ Powell’s Although the news that he may make statements that interest rate hikes will continue beyond expectations, upset the markets, for now, the wait continues.
Powell’s You can follow their speech on the Youtube link below.
Powell’s The statements are expected to be in line with the 6-month monetary policy report. The highlights of the report presented to Congress on Friday are as follows:
“The FED is aware of the difficulty that inflation poses in reaching basic needs and is determined to reach the 2% target.
Price inflation in basic services remains high.
We see that housing services and rents adapt late to market conditions. Therefore, the rate of price increase in this area should be expected to slow down in the next year.
In areas such as travel, food, financial services, we have yet to see any sign of slowdown. This will probably require some easing in the labor market.”
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Source: Bitcoinsistemi.com