Federal Reserve Keeps Interest Rates Unchanged, Uncertain Economic Outlook Sparks Speculation of Rate Cut

• Bitcoin price stable after Fed keeps interest rates unchanged
• Fed aims for 2% inflation target, considers rate cut later in the year
• Equities rally post-Fed decision, S&P 500 up 1%, Nasdaq up 1.7%
• Gold price rises 0.5% to $2,327.42 per ounce
• Bitcoin price at $69,159.19, up 3.47% in 24 hours
• Democrat senators urge Fed to cut rates, move away from 2% inflation target

Summary :

The U.S. Federal Reserve has decided to keep interest rates unchanged, as expected by analysts and economists. The central bank stated that economic activity has been expanding at a solid pace, with strong job gains and a low unemployment rate. Inflation has eased but remains elevated. The Fed also mentioned that the economic outlook is uncertain and that it remains attentive to inflation risks. Some analysts now believe that a rate cut later this year is possible. Bitcoin's price reacted positively to the news, trading around $69,159.19 at the time of publication. The decision also had a positive impact on stock indices, with the S&P 500 and Nasdaq Composite both rising. Gold prices also increased. However, the Fed's decision to keep rates unchanged has raised concerns about stagflation and the potential impact on the banking sector. Overall, the economic outlook remains uncertain, and investors are advised to consider bitcoin drawdowns as attractive accumulation opportunities.

Sources :

- TheBlock
- Blockworks
- Coindesk