The US Federal Reserve said it would maintain interest rates equally for another month, after which BitCoin re -claimed for the first time in about three months, 000 98,000.
The decision to keep the Fed’s interest rates has not changed despite the rising pressure of US President Donald Trump, who threatened to fire a few weeks ago by Fed Chair Jerome Powell because of a “too late” reduction in prices.
Feed has more unemployment, inflation risk
Paul said on May 7 that the Federal Reserve Rate Setting Committee has a rate of 4.25 % to 4.50 % due to increased risk of high unemployment and increasing inflation.
He added that inflation “is a big deal but our 2 % is beyond a longer purpose.” Paul said the survey in households and businesses showed “a sharp decline in emotion”, mainly due to concerns over Trump’s trade policy.
However, Paul said, “Despite uncertainty, the economy is still in a solid state.” As a result of this announcement, data from the CME Group’s Fed Watch Tool has indicated that the minimum problem of decline in the futures market is expected.
Paul said the unemployment rate is low, and the labor market is “maximum job or near.” The market is expected to leave the Fed Fed Fund rate to 3.6 % by the end of 2025.
After Paul’s speech, Bitcoin (BTC) dropped from 000 97,000 to $ 95,866, but for the first time since February 21, only hours after only hours, he delivered the tape to 000 98,000.
Bitcoin is developing speed, crypto fear and greed index is returning to the “greed” area, and Spot Bit Coin Exchange Trade Funds (ETF) post about $ 4.41 billion arrival since March 26.
Related: Last time ‘BTC Risk Off’ Matric
On March 9, network economist Timothy Patterson warned that if the feed cut the rate in 2025, it could reduce the market widespread, which could potentially drag BitCoin, 000 70,000.
Patterson predicted after Paul said in March, “We do not have to be in a hurry and are positioned well waiting for maximum explanation.”
Magazine: Adamback says BitCoin price cycle is ’10x big’, ETF is ‘sympathy’ for buyers
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