What Will the FED’s Interest Rate Decision in June Be? How Will The Decision Affect Bitcoin? Harvard Professor Evaluated!

After the positive economic data for a while, the FED is now expected to stop increasing interest rates. FED It has increased by 25 basis points in the last two months.

After these increases, the eyes are on the Fed’s June We see that the general expectation for June is that the Fed’s interest rate hike will be suspended and that it will not raise interest rates.

In this context, Standard Chartered CEO Bill Winters, who recently made a statement on interest, said that the FED could temporarily stop interest rate hikes. The famous CEO warned investors that the Fed’s task of reducing inflation may not be over yet.

Standard Chartered CEO Bill Winters Jason Furman, Professor of Practice at Harvard University He also thinks that the Fed will pause the rate hike.

CNBC’s Squawk Box Speaking to the program, Jason Furman said that the US economy is currently strong enough to stop a sustained rate hike.

Stating that historically it has not been easy to reduce inflation, Furman said that despite the interest rate hikes in recent months, inflation has almost never progressed.

“I think the FED will suspend interest rate hikes at its next June meeting.

However, if you ask me what kind of move the FED will make in the next four months, I would say that this move will not be an increase in interest rates, on the contrary, it will be a reduction. At this point, I expect the Fed to cut interest rates.

Inflation has barely made any progress and there is too much power in the US economy to stop interest rate hikes.”

How Does the Fed’s Interest Rate Decision Affect Bitcoin?

Some experts believe that the Fed’s pause in interest rate hikes Bitcoin (BTC) And cryptocurrencyHe thinks that it will have a positive effect on the s and bring a rise for BTC.

On the other hand, some experts argue that even if the FED decides to increase interest rates contrary to expectations, this may be positive for the crypto money market. Because experts think that further tightening could make people turn to risky assets like BTC.

consolidation within a certain range for a long time bitcoin At the time of writing, it continues to trade at $ 26,795.

*Not investment advice.