What Will FED’s June Decision Be? How Will It Affect Bitcoin? Famous Economist Shared His Expectation!

bitcoinAfter the data from the USA today, BTC went up to $ 27,240.

In addition, after the approval of the debt limit agreement in the USA, all eyes are now FED‘s interest rate decision in June.

at this point BTC’Various opinions are circulating about the interest rate hikes of the FED, which is closely related.

Some economists think that the Fed will continue to raise interest rates, while others think that it will take a break.

One of those who think that the FED will suspend interest rate hikes. David Wessel, renowned economist and director of the Hutchins Center for Fiscal and Monetary Policy it happened.

CNBC’David Wessel shared his thoughts on the Fed’s monetary policy and the expected rate hike.

Wessel, a two-time Pulitzer Prize winner, said:

“I think the FED will pause the rate hikes. In this context, I think it is quite clear that the FED will skip the rate hikes at its meeting in June.

On the other hand, the decision of the FED to keep the policy rate constant at the upcoming June meeting should not be interpreted as the highest rate reached.

Skipping a rate hike in one month will give the Fed an opportunity to collect more data without further rate hikes.”

outside of Wessel Philadelphia Fed President Patrick Harker recently noted that economic data tends to support a jump in interest rate hikes in June.

Harker said the Fed is seeing promising signs that rate hikes are working, but said inflation is still well above the Fed’s target.

Although some FED members maintain their hawkish stance on inflation, the statements of FED member Harker and famous economist Wessel mean that it is highly likely that the FED will skip the interest rate hike in June, and it seems likely that the FED will enter a stagnation period as of June, in line with the incoming data.

Such a scenario has long been suppressed. altcoinin and bitcoinIt could lead to a nice summer rally in .

Affected positively/negatively by the Fed’s interest rate decisions BTCcontinues to trade at $ 26,918 at the time of writing.

*Not investment advice.