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FOMC Leaves Interest Rates Unchanged, Hawkish Tone Impacts Bitcoin | Flash News Detail | Blockchain.News
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6/12/2024 6:30:00 PM

FOMC Leaves Interest Rates Unchanged, Hawkish Tone Impacts Bitcoin

FOMC Leaves Interest Rates Unchanged, Hawkish Tone Impacts Bitcoin

According to @CryptoMichNL, the Federal Open Market Committee (FOMC) has decided to leave interest rates unchanged, which was widely anticipated. However, the hawkish tone from the FOMC is not seen as a positive development. Jerome Powell's speech and future projections are expected to significantly influence Bitcoin's market movements. Additionally, today's Consumer Price Index (CPI) data was very positive.

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Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast