Investors reviewed expectations to reduce average in September after the responses of the Federal Reserve Chairman, Jerome Powell, not the committee to one during a press conference on Wednesday.
An analyst for encryption suggests that it can lead to the operation of a slower encryption bull.
The Central Bank of the United States Prescribed To maintain interest rates by 4.25 % to 4.5 %, based on uncertainty about economic expectations, which said “is still high.”
There are no decisions in September
P. He said The increasing definitions began to appear in consumer prices for some goods. He did not rule out preserving it Rates Once again at the meeting of the upcoming Federal Open Market Committee (FOMC) in September, adding that it will depend on economic data over the next two months.
“We did not make any decisions in September, and we did not do so.”
“If the unemployment rate is fixed and wasted the customs tariff, it will be difficult to justify the reduction in prices in the next few months.” He said Reuters.
P. US President Donald Trump challenged him He called for low ratesMaintaining his approach to waiting and looking amid increasing concerns that the ongoing trade war can reflect the progress towards the 2 % inflation goal of the central bank.
American inflation is currently 2.7 % and has increased over the past four months.
Low the risk of lower prices
Powell’s comments led to a decrease in the probability of reducing average in September to 40 % after the meeting. It was at a chance of 63 % before FOMC statement.
“If the Federal Reserve maintains its cautious position, it may slow the pace of the bull market, but the increase in the basic liquidity may keep the floor to eventually apostasy.”
“The market had been priced that there would be no price cut this week, so this is not surprising,” Henrik Anderson, chief investment official in Apollo Capital, told Cointelegraph.
However, the market still expects discounts from prices to two before the end of the year.
“We do not believe that this will have a material impact on the encryption market; it has been clear for a while that the uncertainty about definitions will delay US price discounts.”
He added that it was interesting that two creators are creative, the first time in the 30 years of this. Christopher Waller, a ruler, and Michelle Bowman, Vice -President of Supervision, supported interest rates on the reduction of the Federal Reserve by a quarter of a percentage.
Related to: Bitcoin makes a “big step” after the Federal Reserve Average, Coinbase Premium turns red
The encryption markets decreased slightly after the announcement, but it flourished again during the trading session on Thursday morning in Asia.
The total capitalization reached about 3.94 trillion dollars, and during a channel linked to its scale it was circulated in the past two weeks.
US price discounts usually boost encryption markets because low interest rates make traditional savings accounts less attractive, pushing investors towards high -risk and higher assets as a bonus such as encryption.
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