As inflation rises, Bitcoin keeps

Below is an excerpt from a recent release of Deep Dive, Bitcoin MagazinePremium Markets Newsletter. To be among the first to receive these and other on-chain Bitcoin market insights straight to your inbox, subscribe now.

Here are some of the “highlights” from yesterday’s FOMC meeting:

  • Powell: Inflation may develop to be higher and more stable than we expect
  • FOMC: Fed holds $80 billion in Treasury purchases, 40 billion MB purchases per month
  • FOMC: The Fed will continue to buy bonds until more significant progress is made in meeting targets
  • Powell: Even after lifting, the policy will still be very relevant ملائمة
  • Powell: Points are not a great indicator of future rate movementsحركات

Powell’s comments on inflation were expressive, but somewhat predictable. There is nothing that can be said to escape the reality of the situation in which the Federal Reserve (along with other global central banks) has found themselves.

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