After the Bank of Japan (BOJ) held its non -collateralized call rate unchanged on Tuesday, the federal reserve followed a similar route. On Wednesday, the president of the Fed, Jerome Powell, announced that the rate of federal funds will remain between 4.25% and 4.5%.
During his speech on Wednesday, Powell said that short -term inflation expectations had increased on tariff wars. Earlier Wednesday, President Donald Trump reiterated that the Fed should reduce its reference interest rate and should be 2.5 points less.
Whatever side for the cryptography market
The cryptography market felt an increased lower feeling in the middle of the current crisis in the Middle East. The Fed announcing its intention to continue to reduce its assets of titles and bonds of the Treasury, popularly known as the quantitative tightening (QT), the short -term lower feeling will probably persist.
“The Committee will continue to reduce its assets to titles of the Treasury titles and to agency debt and to titles in matters of mortgage. note.
Meanwhile, 12 Fed officials see at least a drop in rate before the end of this year, while 7 Fed officials expect a drop without rate before Eoy. According to LSEG data, term contracts on American interest rates have 71% chance that the Fed reduces its rate in September.
As Coinpedia has already reportedThe wider cryptography market will likely experience a summer of accumulation in the coming months before an epic rally before the end of this year. A similar story was invented by Crypto Analyst Benjamin Cowen, who predicted that the Altcoin market will continue to bleed in Bitcoin in the coming months.