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HOT DEVELOPMENT: FED Released A New Report! Will Bitcoin Be Affected? #NewsMessenger
The Fed released its semi-annual monetary policy report.
The US Federal Reserve (FED) preferred to keep interest rates constant in the past few days. Although the FED kept the interest rates constant, it gave signals that they could raise two more interest rates in the following months of this year.
As of today, the Fed has released its semi-annual monetary policy report. Here are the highlights of this report:
“FED: STRICT CREDIT CONDITIONS NEEDED TO SUPPRESS ECONOMIC ACTIVITY.”
“FED: THE BANKING SYSTEM CONTINUES TO BE SOLID AND DURABLE.”
“FED: WE POSSIBLY NEED A PERIOD OF UNDER TREND GROWTH TO REINFORCED INFLATION.”
“FED: MARCH BANKING SYSTEM CHALLENGE LEAVE A PRIZE ON BANK LOANING CONDITIONS, ESPECIALLY FOR MID-SCALE AND SMALL BANKS.”
“FED: SLOWING INFLATION MAY BE DUE TO FURTHER LOOFING OF THE TIGHT LABOR MARKET.”
“FED: ESSENTIAL SERVICES-NON-HOUSING INFLATION SHOWN NO SYMPTOMS OF LAUNCHING.”
“FED: FINANCIAL CONDITIONS HAVE BEEN FURTHER TIGHTEN SINCE JANUARY.”
Although Bitcoin (BTC), the leading cryptocurrency, fell from $ 26,500 to $ 26,300 in the last few minutes, it did not experience a major collapse.
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