![]() In theory, a tightening Fed is usually negative for the BTC/USD price. Therefore, the Fed expects that the program will end in March next year. It decided to double the amount of tapering to about $30 billion. The bank also intervened on its quantitative easing program. At the same time, the bank hinted that it will hike interest rates three times in the coming year. On Wednesday, the bank decided to leave interest rates unchanged in a bid to support the country’s recovery. The era of ultra-low rates is coming to an end after this week’s interest rate decision. The bank has slashed interest rates to zero and launched a massive quantitative easing policy that has devalued the US dollar. During this time, most analysts have credited the Federal Reserve as the main reason for the performance. The BTC/USD pair has jumped sharply during the Covid-19 pandemic.
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