Despite the ongoing conflict between the US and Iran, Bitcoin ($BTC) and altcoins are having a strong week.
Bitcoin has climbed above $75,000 for the first time in weeks, and altcoins are also seeing double-digit gains.
But the big week for Fed interest rate decisions has arrived. In Bitcoin ($BTC) and the virtual currency market, all eyes are on tomorrow’s FED meeting and the Fed Chairman’s remarks.
As such, the Fed is expected to announce its second rate decision for 2026 tomorrow, followed by an oral statement from Chairman Jerome Powell.
While it is widely expected that the Federal Reserve will keep interest rates unchanged in March, Wall Street Journal reporter Nick Timiraos, known as the “Fed spokesperson,” spoke out regarding the Fed’s March interest rate decisions.
Nick Timiraos, known as a “Fed insider,” said the Fed could be more likely to remain silent this week as concerns about war-induced inflation mount. But he noted that the Fed needs to be guided by market and economic indicators to set direction and indicate future policy direction.
Timiraos said two former Fed chairmen have told him that the Fed would want to avoid predicting a cut in short-term interest rates in the current environment.
Timiraos said a key question for the next FOMC meeting will be whether officials share the same view on cutting interest rates.
He also added that there could be conflicts over interests between hawkish and dovish members.
The Fed’s interest rate decision will be announced on March 18 at 9pm Turkish time. Fed Chairman Jerome Powell is then scheduled to make a statement at 9:30 p.m.
*This is not investment advice.
