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The U.S. Federal Reserve is poised to maintain its interest rates steady at 4.25-4.5% following the latest GDP Deflator data, which reveals low inflation pressures. This decision may be accompanied by forward guidance suggesting a potential rate cut in September. Such an action could significantly impact risk assets, including Bitcoin and other cryptocurrencies, as it would increase liquidity and investor confidence.
Market participants are closely monitoring these developments, as easing monetary policy expectations tend to support crypto market rallies despite ongoing macroeconomic uncertainties. This is because the Fed’s decision to hold or cut interest rates can greatly influence market sentiment and, subsequently, drive investment decisions in assets like Bitcoin and other cryptocurrencies.
It is essential for investors and traders to stay informed about such developments as they can have a significant impact on the value of their investments.
Source: coinpedia.org
