The Federal Reserve maintains fixed interest rates on Wednesday, which led to the possibility of stopping for months on price cuts amid the economic uncertainty fueled by US President Donald Trump’s tariff.
price Bitcoin And other encrypted currencies, which rose on Wednesday morning, were almost flat after the central bank stood for a third consecutive period, but it was still 4 % over the past 24 hours to trade at about $ 84,500, according to the Coingecko data provider.
The US Central Bank’s decision was widely expected, leaving its standard price at 4.25 % to 4.50 % after the Federal Reserve Start Reducing borrowing costs in the last quarter of last year.
In a statement, the Federal Reserve emphasized the waiting and vision approach on how to extract Trump’s policy exercises-which were beaten in stocks and encryption-on the battle of inflation.
“The uncertainty about the economic view has increased.The Federal Reserve said.The committee will continue to monitor the implications of the information received for economic expectations.“
In the observations that followed the announcement, Federal Reserve Chairman Jerome Powell said that the recent inflation expectations of the Central Bank were “slightly higher than expected in December.”
“It will be very difficult to make an accurate evaluation of the amount of inflation that comes from the definitions,” he said, adding that prices from Trump’s commercial policy may prove a transition.
At the same time, Powell said, “The recent indicators indicate moderation in consumer spending,” indicating that one of the main engines of economic growth in the American economy may cool.
An updated expectations weighing expectations from 19 Federal Reserve officials showed price discounts this year, as they coincided with politics makers effectively in December. Previous expectations for the study of the Federal Reserve have poured cold water at the origins Penciled in Four price discounts.
In December, one of the FBI officials expected up to five price cuts this year, or a 1.5 % reduction in the standard of the standard at the Federal Reserve. On Wednesday, no Federal Reserve official imagined more than three price discounts this year, indicating more firm policy expectations.
The president’s approach to customs tariffs raised inflation fears, but some are afraid to adapt to American economic growth, as consumers and companies face high costs.
Prices ethereum and Solana It decreased in the hour, but it rose 7.7% L 2000 dollarsAnd 5% L 129.50 dollarsRespectively, according to the encryption provider Coingecko.
Consumer price index (CPI) came cooler than expected a week ago, indicating that inflation Ease Last month a little. The widely monitored inflation scale, which increased by 2.8 % in the twelve months to February, was 2 % higher than the FBI goal.
It is expected that the PIP price index (PCE), which is the preferred inflation scale of the Fed Bank, will display an annual increase of 2.7 % later this month. Trading economics. However, Powell struck a fateful tone about price trends: “People are not satisfied, and they are not wrong that prices have risen a lot.”
Before the interest rate decision on Wednesday, Fet Futures traders expected a 51 % opportunity for the central bank to reduce interest rates CME Fedwatch. Remain When the market participants have developed the latest forecast of the Federal Reserve.
Update (March 19, 2025, 2:41 pm East time): Review the title to reflect the change in the price of bitcoin.
Update (March 19, 2025, 3 pm East time): He adds Powell’s comments.
Edited by James Robin
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