The US central bank, the Fed, has announced its highly anticipated interest rate decision. The Fed increased the interest rate by 0.75 basis points. Gold and Bitcoin price were affected by the FED’s decision and suddenly started to rise. FED Chairman Jerome Powell is holding a press conference half an hour after the announcement. Fazi’s decision was taken unanimously. Eyes on Jerome Powell’s statements… cryptocoin.com We have compiled all the details for you, let’s examine the explanations together… The article will be constantly updated with new statements from the FED Chairman. Update the page constantly so you don’t miss the explanations!
FED President is speaking: Gold and Bitcoin investors are in these statements!
The US central bank, the Fed, announced its expected interest rate decision. The FED had increased the interest rate by 75 basis points in its previous meetings, and in today’s meeting, the FED increased the interest rate by 0.75 basis points again. The Fed increased the policy rate to the range of 3.75%-4%. This decision came in line with market expectations. Dollar came under selling pressure again and US Dollar Index fell below 111.00 with initial reaction. “Cumulative tightening, policy delays, economic and financial developments will be taken into account when determining the pace of rate hikes,” the Fed said.
The Fed estimates that continued interest rate increases will be appropriate to maintain a sufficiently restrictive policy stance to return inflation to 2% over time. Gold and Bitcoin price suddenly went up with the FED decision. Now, Fed Chairman Jerome Powell is speaking. FED Chairman Jerome Powell is holding a press conference half an hour after the announcement of the interest rate decision. Jerome Powell’s first statements are as follows:
- Inflation remains high.
- The FOMC is extremely wary of inflation risks.
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