Jerome Powell, Chairman of the US Federal Reserve, Controlling market expectations Regarding the possibility of another rate cut in Decembersaid the decision was “not a foregone conclusion.”
The statement was made during the period. Press conference after today’s reduction announcement. According to a report by CriptoNoticias, the reduction was by a quarter of a point.
Chairman Powell emphasized that there was “strong disagreement” among committee members about next steps. As explained, the main sources of uncertainty are: Partial US government shutdownAs a result, the publication of economic indicators important for decision-making is delayed.
“What do you do if you’re driving in fog? Of course you slow down,” Powell said, indicating that cars may take a more cautious stance. The lack of reliable information on employment and inflation could cause the Fed to take more cautious action at its December meeting.
The market reaction was immediate. Based on these descriptions, Bitcoin (BTC) reaction has been lower:
As you can see from the image above, BTC reached $110,000.
(Tag Translate) United States
