The FED, the US central bank, did not change the federal funding interest rate. The FED kept the interest rate at the range of 0 – 0.25 as expected. However, the FED announced that it will begin to reduce asset purchases in November. The FED also announced that asset purchases will be reduced at a rate of 15 billion dollars per month. These statements triggered harsh decreases in Gold and Bitcoin. Kriptokoin.comAs, we have compiled the details for you, let’s examine the subject together…
Fed President spoke: Bitcoin and gold fell hard!
The federal reserve will begin to withdraw unprecedented economic support. The highly anticipated Fed decision was announced. The FED, in parallel with expectations, did not change the federal funding interest rate and unanimously left it at the range of 0-0.25 percent. The FED has been keeping the interest in this range since March. For this reason, the statements came in compliance with market expectations. However, the Fed announced that it will begin to reduce asset purchases in November and that it would be reduced by 15 billion dollars per month.
Fed President Powell is not the time to increase interest rates right now. We have a longer way. ” he said. Contrary to the expectations of many financial analysts, the Central Bank still sees inflation as “temporary .. The news that Tapering will begin in November triggered the harsh decreases in Gold and Bitcoin. BTC price dangled from $ 63,500 to $ 61.180. The crypto currency suddenly deleted more than $ 2,000. Gold prices fell from $ 1,785 to $ 1,761.
