It may not be all bad news for Bitcoin post Fed, hints KAProductions.
The U.S. Federal Reserve had delivered an expected pause in interest rate hikes — its first since 2021 — while keeping the mood hawkish. Fed chair Jerome Powell suggested that fresh hikes may be necessary in the future to tame inflation.
“As I noted earlier, nearly all committee participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year,” he“But at this meeting, considering how far and how fast we have moved, we judged it prudent to hold the target range steady to allow the committee to assess additional information and its implications for monetary policy.”from CME Group’s FedWatch Tool on the day.
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