“Holding Rates Steady, The US Central Bank Took Note of the Possibility of Higher Inflation and Untemployment.”, – WRITE: www.coindesk.com
WHIILE chair jer jueme powll insisted that the econaomy is in “the good Shape” and Emphasized that the Central Bank is in “a good pasition to and see and see,” prior to the Centhting Policy, Subting Policy, Subting Policy, Subting Policy, Subting Policy, Subting Policy, Subting Policy, Subting Policy, Subting Policy, Subting Poliye, Prir to Central. Pointed to heighted concerns over the Economy’s Direction.
HOLDING ITS BENCHMARK INTEREST RATE STEADY TODAY, The US CENTRAL BANK ACKNOWLEDGED the Growing Risk of Rising Inflation and Unemployment Chunk of the 1970s. That scenario would leave the Central Bank with Limited Room to Maneuver to Stimulate a weakening Economy with Further Fueling Inflation.
“The Fed Is Worked About Stagflation,” Zach Pandl, Head of Research at Grayscale, Posted on X After the Decision. “WE THINK THAT OUTCOME Wuld be Good for Bitcoin.”
In an earlier report, pandl argued that rising tariffs intribute to stagflation, WHICH Historically Hurts Traditional Assets But Benefits Scarce Stores of Value Like Gold. “BITCOIN WAS NOT AROUND FOR PAST STAGFLIPS,” HE WROTE, “BUT CONSIDERED A SCARCE Digital Commodity and Is IncreASINGly Viewed As a Modern Store of Value.”
Bitcoin Traded in a Tight Range Following the Fed’s Announcement and Powell’s Remarks. IT BRIEFLY TOUCCHED $ 97,500 Earlier Wednesday on Optimism AROUND US-CHINA Trade Talks Before Setting Back to $ 96,500-Up 1.6% Over The Past 24 Hours.
The Coindesk 20 Index (CD20), A Broader Gauge of the Crypto Market, Was Up Just 0.3% Over the Same Period, Weighed Down Byn 1% -3% Declines in Xrp, Avax, Uni, Uni
Meanwhile, Equities Recovered Modestly from Earlier Losses, with The S&P 500 and Nasdaq Closing 0.4% and 0.3% Higher, Respectively.
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