Announcement expected today at 11.30pm IST
What to expect?
| Interest rate Outcome | Expected Impact on crypto market |
| Rate is reduced | Bullish trend |
| Rate remains unchanged | Bullish trend |
| Rate is hiked by 25bps | Neutral trend |
| Rate is hiked by 50bps | Bearish trend |
Trend of fed interest rates
Previous: 5.00%
Forecast:: 5.25%
What is the fed interest rate?
- It is the rate at which commercial banks borrow and lend their excess reserves to each other overnight, set by the Federal Open Market Committee (FOMC) members.
- A higher than expected rate is perceived as bearish for the crypto markets, while a lower than expected rate is perceived as bullish for the crypto markets.
Expect Volatility!
Source: Investing.com
Note: This is not an investment advice and we highly recommend that you do your own research
