It is thought that the US Federal Reserve (FED) will continue to increase interest rates after the inflation data in the USA exceeded the expectations for 3 consecutive months.
13 July CET announced at 15.30 Inflation data came in above expectations. on an annual basis 8.8% expected inflation, as 9.1% announced and caused a sharp decline in the markets.
Inflation exceeded expectations last month. interest rate hike as a result Increasingly, the FED was expected to raise the interest rate by 50 basis points before the data were released. However, after the data, many financial firms expected their expectations. I updated it to 75 basis points.I and the FED had increased by 75 basis points.
This month, the interest rate Thinking that it will increase 75 basis points there was a large majority. However, due to the high data announced yesterday, many financial companies to update their expectations led to
According to the data on the website of the Chicago Mercantile Exchange (CME), the Fed’s interest rate in July 75 basis points possibility of increasing 19.1%, 100 basis points If the probability of increasing 80.9% exists as.
However, Fed Chairman Powell said in a statement last month that he had to pay for inflation in July. 50 or 75 bases He said he could raise interest rates.
What happened to the Bitcoin price when the FED made a statement on June 15?
Bitcoin, which has experienced a rise since the date of its announcement, $23,000 levels after rising 2-3 the current low level during the day for 17,500 dollars had regressed. Many people expected a rise until the interest rate to be announced this month, but it was not expected and Bitcoin was just 22 thousand dollars could rise to levels. Bitcoin at the time of writing, At the level of 20000 dollars exists.
What happened to the price of Bitcoin when the FED made a statement on May 4?
Bitcoin, which is currently in a downtrend, rose while approaching and during the interest rate announcement. 40000 dollar level got on it. Much more than the interest rate of Bitcoin, which has been at these levels for a few hours. thought to be unaffected however 2 or 3 days experienced a great decline in 25 thousand dollars decreased to levels. later 32 thousand dollars up to levels though it rises we are now It came to $20,000.
Many experts and analysts interest rates to be announced again will bring down is thinking. However, a certain part states that against the worst-case scenario, Bitcoin has already priced it, and it is difficult to come down now. After the Fed statement in the first rise in price That’s why it’s thought to be.
- The data contained in the content is for informational purposes only. It certainly does not contain investment advice.