Eyes on the FED in Bitcoin! What Time Will FED Minutes Be Announced?

Retesting its bottom on November 10 after FTX’s bankruptcy bitcoin With the reaction it received from here, it experienced a 7% increase.

Differentiating negatively from the US stock markets due to its own internal dynamics. bitcoin It continues its sideways movement around the $16,000 levels for a long time.

bitcoin As we approach the $17,000 mark again today, eyes were turned to the FED minutes to be announced tonight.

FED minutes of the previous meeting will be announced at 22.00 CET today.

In the minutes, the FED members’ approaches to economic indicators and their expectations regarding the rate of increase in interest rates will be followed.

Signals will be sought regarding the effects of low inflation data in recent months and the final interest rate target.

Volatility may increase in the minutes when FED minutes are announced. For this reason, it is recommended to stay away from high leverage transactions.

What Happened After the Previous FED Decision?

The previous Fed rate decision was announced on November 2, 2022. The minutes of today’s meeting will refer to the days when this decision was taken.

Here’s what happened on November 2nd:

The Fed increased interest rates by 75 basis points. Expectations were 75 basis points.

Powell’s messages:

• We are determined to reduce inflation. We will continue the tight monetary policy for a while.
• At today’s meeting, we decided to raise 75 basis points. We will maintain this stance and continue to shrink our balance sheet.
• It would be appropriate for us to slow down the rate of interest rate increases. But we still have a ways to go.
• The final interest rate target will be higher than previously expected.
• The data show that we may move to higher levels than our final interest rate targets at the September meeting.
• The slowdown in the rate of interest rate increases may be at the next meeting or later.

A new paragraph was added to the FED statement. Here is that paragraph:

“When determining the pace of future increases, the Board will take into account the cumulative tightening in monetary policy, the lagged effects of monetary policy on economic activity and inflation, and economic and financial developments.”