Crypto currency Investors were excited about the statement that the interest rate reduction announced by Waller on Friday was made in July. Now the explanations show that Waller is not alone and BTC He reached the new daily summit. Future PCE data on Friday is extremely important.
When is the Fed interest rate reduction?
Friday Waller and today Bowman He said the interest rate reduction could be made in July. The US Dollar Index fell to 98.9, while the SP500 is about to get 6,000 back when it is prepared. BTC climbed for $ 102,500.
“Before our next meeting in July, one month’s additional employment and inflation data will be in our hands. If the next data shows that inflation continues to follow positively and that the upward pressures are limited to property prices, or if the slowdown in the expenditures are reflected in the labor market conditions, these developments should be taken into consideration. If it is, I will continue to carefully monitor the policies of the government, economic and financial markets in order to bring the policy interest rate closer to the neutral level and maintain a healthy labor market. ”
On Friday, the interest post followed by the FED to 2.3 %and the core PCEIt is aimed to increase from 2.5 %to 2.6 %. Despite the expectation of this increase, it is extremely important that Fed members start to explain an opinion on the discount direction. The slowdown in the creation of a new labor force shows that it is time to reduce the interest rates of the Fed, the potential to have destructive consequences in employment. Historically large crypto currency rally began during interest rate cuts.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
