Key dealers
- Bitcoin rose by 2.1% after FOMC minutes indicated a potential slowdown in quantitative sharpening.
- Fed officials are considering pairing the reduction in the balance sheet due to maximum employment and inflation.
Bitcoin rose 2.1% over the past 24 hours after Protocol from Federal Reserve’s January -Meeting Disclosed decision -makers who discussed potentially paused or slowed down their reduction program for the balance sheet in the midst of debt roof problems.
Bitcoin’s price climbed from $ 94 134 yesterday to $ 96,180 per hour after release.
“The participants indicated that, provided that the economy remained close to maximum employment, they would like to see further progress with inflation before making further adjustments to the target area of the federal funds,” the protocol showed.
Officials maintained the Fed’s Benchmark policy interest rate between 4.25% and 4.5% at the January meeting.
The protocol revealed that “many participants found that the committee could keep the policy at a restrictive level if the economy remained strong and inflation remained increased.”
The Treasury Department has used extraordinary measures to extend his ability to pay federal government costs since he reached the statutory debt limit in January.
President Donald Trump has supported the House Republican proposal to raise the debt ceiling by $ 4 trillion, although negotiations are expected to take months.
Politymakers monitors Trump’s economic policy plans, including proposed increased customs duties on US trading partners and immigration restrictions, which can affect inflation, labor markets and economic growth.
Futures markets currently indicate that investors are pricing in an interest cut in 2025 with the possibility of one second.
