The much awaited Fed rate decision has been announced. The US central bank, the Fed, increased the interest rate by 0.75 basis points. FED increased the policy rate to 2.25%-2.50% range. The Fed’s interest rate decision also affected the Bitcoin and gold market. Let’s look at the details together…
The Fed has announced its interest rate decision!
The US central bank, the FED, has announced the interest rate decision that all markets have been waiting for. In the previous meeting, the FED broke new ground after 28 years and increased the interest rate by 0.75 basis points. Now, the US central bank has increased the interest rate again by 0.75 basis points. After the Fed’s interest rate decision, the Bitcoin and gold market moved. Now all eyes are on the FED Chairman, who will make a statement at 21.30. The speech of the Fed Chairman will determine the direction of the markets.
Jerome Powell’s statements will be on everyone’s agenda as they contain signals for the monetary policy of the next period. After the Fed’s announcement of the interest rate decision, which was in line with the expectations, the gold price and Bitcoin price started to rise. BTC price broke $22,000 on some exchanges. Fed Chairman Jerome Powell will hold a press conference half an hour after the announcement. Stay tuned to watch the FED President’s speech live!
