- The federal reserve left interest rates unchanged at 4.25% – 4.50%, in accordance with market expectations.
- The president of the Fed, Jerome Powell, said that the agency would continue to monitor economic developments, by maintaining an expected approach.
- The cryptography market has remained stable following the Fed’s decision, with the best assets Bitcoin, Ethereum, XRP and Solana when he saw few price changes.
Bitcoin (BTC) experienced a gain of 2% Wednesday following the decision of the Federal Reserve (Fed) to maintain the rates of 4.25% – 4.50%, which aligned expectations. The president of the Fed, Jerome Powell, shared that the Federal Open Market Committee (FOMC) will continue to observe economic developments, stressing that it is still not sure to reach a conclusion on the changes in politics.
Bitcoin sees a slight gain after the decision to leave the decision to leave stable rates
The federal reserve maintained the unchanged interest rates of 4.25% to 4.50% in May, in accordance with market expectations. Market players have long awaited the decision, after weeks of tension surrounding the American economy.
The president of the Fed, Jerome Powell, said in a press conference that the economy was still in good condition despite recent uncertainties. He also shared that the FOMC decision allows the agency to properly observe economic developments.
“We believe that the current position of monetary policy leaves us well placed to react in time for potential economic developments,” said Powell.
Powell stressed that trade policy remains a major source of uncertainty, strengthening the cautious approach to the Fed. He added that it is not yet clear how things will take place, in particular with pricing policies, while emphasizing the importance of remaining the patient and the observer in the current environment.
“I think there is a lot of uncertainty about, for example, where pricing policies will settle,” said Powell.
This decision follows recent criticism from President Donald Trump on Fed’s reluctance to reduce interest rates. Trump called Powell “too slow” Powell and stressed that reduction rates are the best for the economy.
Bitcoin exchanged above $ 97,000 on Wednesday, maintaining a gain of 2%, the cryptography market remained imperturbable following the Fed decision. Other best active, Ethereum (ETH), XRP, Solana (Sol) and Dogecoin (Doge), were also stable with few price changes.
Upper cryptocurrencies. Source: Coingecko
Several sectors have experienced mixed reactions after the FOMC meeting, because many have failed to keep earnings earlier during the day. The sectors of artificial intelligence (AI) and of the backdrop have dropped 3% while the categories of real assets (RWA) and even remained quite deaf.