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COINTURK NEWS > News > Fed Holds Interest Rates Steady, Powell Speaks
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Fed Holds Interest Rates Steady, Powell Speaks

In Brief

  • Fed Chairman Powell began speaking after announcing the interest decision.

  • The Fed kept the interest rate steady at 5.50%, impacting Bitcoin investors.

  • Powell's upcoming statements could significantly affect global financial markets.

COINTURK NEWS
COINTURK NEWS 1 year ago
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Fed Chairman Powell started his speech at the time this article was written, following the announcement of the interest decision. Before this speech, the Fed announced its decision on interest rates, stating that it would keep the rate steady at 5.50%, which is of particular interest to investors in volatile assets like Bitcoin.

Powell Takes the Podium

As of the time this article was written, Fed Chairman Jerome Powell is addressing issues that could significantly influence global financial markets in the coming period, following his 9:00 PM statement. The topics discussed play a major role in guiding market investors for the remainder of 2024.

According to the 9:00 PM announcement, a decision was made to keep interest rates steady, and according to FedWatch data, it is expected that the interest will remain steady again in June 2024. Powell’s forthcoming remarks are anticipated to shed light on potential rate cuts and other macroeconomic developments during this period.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 1 May, 2024 - 9:38 pm 1 May, 2024 - 9:38 pm
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