As would be expected, the American federal reserve held its bench of reference rate of reference Fed Fed on Wednesday at 4.25% to 4.50%, extending its break on monetary relaxation for the third consecutive meeting.
“Uncertainty about economic prospects has further increased,” said the Fed in his declaration that accompanies it. “The committee is attentive to the risks on both sides of its double mandate and the judges that the risks of higher unemployment and higher inflation increased.”
Bitcoin (BTC), which brought back below $ 97,000 during the time to set up a day of a rally at the end of Tuesday on American-Chinese commercial negotiations, was negotiated at $ 96,600 shortly after the Fed’s decision.
The decision comes as political decision -makers sail in a treacherous macroeconomic landscape in the middle of the deployment of the Trump administration’s global tariff. Inflation has remained sticky above the target of 2% and questions abound how prices will result in consumer prices, while the economy has shown signs of deceleration.
Market players anticipate three rate drops this year targeting in July as the first most likely meeting to reduce prices. However, the members of the FED spoke on the expectation of more clarity on the impact of the prices before changing course.
All eyes are now in Powell’s upcoming remarks at 2:30 p.m. (6:30 p.m. UTC), which could offer crucial clues to Fed’s thought for the coming months.
