Bitcoin Rises After FED Decision! Awaiting Powell’s Speech!

An important threshold has been passed in the markets, which had a critical week. The Fed’s interest rate decision, which the markets focused on, was announced.

The Fed did not increase interest rates in line with expectations. However, it was seen that 9 members shared their expectations that the interest rate could be increased in 2022.

In the decision, it was stated that the slowdown in the asset purchase rate could begin soon. It was stated that inflation increased due to temporary factors.

After the FED decision, the premium in the US indices rose above 1% again. With the rise in risk appetite, Bitcoin approached the $44,000 limit.

After the decision, Powell is expected to speak at 21.30. The points underlined by Powell in his statements will be followed.

Powell is expected to be asked a question about the selloff from the Evergrande crisis and its effects. The President’s assessment of the crisis will be followed closely.

In his previous statements, Powell had stated that a significant progress in economic recovery and the realization of inflation targets should be a prerequisite for reducing asset purchases. At this point, Powell’s evaluations of the latest data will be followed.

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