key takeaways
- The Fed placed the interest rates from 4.25% to 4.5% and said inflation has been elevated, which is still high.
- After the verdict, Bitcoin was flat near $ 118,000, as the markets raised their expectations slightly for the September rate.
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Bitcoin is near $ 118,000 on Wednesday after the Federal Reserve keeps the interstic rates stable from 4.25% to 4.5%, which maintains a cautious attitude between inflation and moderate development.
Fed said that economic activity has slowed down in the first half of the year, which “raises the labor market strong and” to some extent “. Officials said they would continue to shut down the data, the outlook is still high with ambiguity.
Two fed governors, Michelle Boman and Christopher Waller, dissolve, favor an immediate 25 base point cut, arguing the current trend can be very tight. Fed also confirmed that it would continue to tighten quantitative tightening, with no sign of Qi or police shift.
The decision comes when Trump promoted protection to cut rates on the fed, stating that it promotes growth and reduces interest costs on loans. Meanwhile, according to the CME Fedwatch Tool, after the 56% of the Fed of Fed announcement, after the Britifly dipped for Ahad, the cut in September rate increased by 61% in September rate.
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