The Federal Reserve Board (FED), the US monetary policy regulator, New interest rate cuts.
As expected, as reported by CriptoNoticias this morning, The reduction was 25 basis points.. As a result, the dollar interest rate remains at 3.75% compared to the previous year (4.00% compared to the previous year before the announcement).
Lower interest rates are usually beneficial for Bitcoin (BTC), but The market has remained calm for now.
Thirty minutes after the announcement, Federal Reserve Chairman Jerome Powell held a press conference. So he explained: We cannot confirm or deny whether there will be a rate cut in the coming months.
