“Bitcoin Price Was Little Changed and Traded Just Above $ 104,000 as Policymakers Expect Stickier Inflation and Slower Growth.”, – WRITE: www.coindesk.com
“Althugh Swings in Net Exports Have Affected The Data, Recent Indicators Suggest That Economic Activity Has Continued to Expand at A Solid Pace,” The Press Release Said. “The UNEMPLOYMENT REMAINS LOW, AND LABOR Market Conditions Remain Solid. Inflation Remains Somewhat Elevated.”
The Fed’s Quarterly Economic Projects-Hohich Include the “Dot Play” Basis Point Cuts This Year, The Same As They Expert in March. However, Fed Members See Rates Decline to 3.6% Next Year and 3.4% In 2027, Indicating Fewer Cuts than Their Previous Project.
Policymakers Also Cut Their Economic Growth Projects, With The GDP Increase This Year Now Seen at 1.4% Versus 1.7% at the March Forecast. They Also Projected Higher Inflation for This Year, With Personal Consphender Expenditures (PC) and Core Pce Inflation Landing at 3% and 3.1%, Versus 2.7% and 2.8% in March. Fed Members Also See The Unemployment Rate Rising to 4.5% This Year and Dringing 2026, UP from 4.4% and 4.3% March Projects.
Bitcoin (BTC), Hovering AROUND $ 104,000 Earlier Durying The Session, Was Little Changed at $ 104.200 Minutes Following the Fed Decision. The S&P 500 and The Nasdaq Indexes Were Up.
Traders Will Now Turn Their Attcture to Fed Chair Jerome Powell’s Remarks at 2:30 PM EASTERN TIME (18:30 UTC) for Further Clues of PolicyMakers’ Outlook on Monetary Policy.
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