Since November, when the Federal Reserve Bank of America began to reduce its asset purchases, bitcoin and cryptocurrency investors focused on the new meeting with all markets.
The first FED meeting of the year will take place on January 25-26.
The decisions taken at the FOMC meeting, which will last for 2 days, will be announced on Wednesday, January 26 at 22.00 TSi.
On Wednesday, January 26, at 22.30, FED Chairman Powell will be in front of the cameras and answer questions.
The Fed is not expected to raise interest rates at its January meeting. We observe that the expectations for the rate hike intensified in March.
What Happened at the Previous Meeting?
The previous meeting was held on December 15 and the FED kept the interest rate constant. However, the decision to increase the tapering speed brought forward the expectations regarding the interest rate hike.
At the December meeting, statements regarding “inflation is temporary” were removed from the text.
“Participants generally rate the federal funds rate, given their individual views of the economy, the labor market, and inflation. indicated that it may be necessary to increase it sooner or more quickly than participants previously anticipated.” statements caused the sales to deepen.
You can see the price action on the day the FED made its previous decision in the chart below.
We recommend that you follow our Twitter account for last-minute developments on January 26: twitter.com/bitcoinsystem
*Not Investment Advice.