December 13 US Federal Reserve System (FRS) saved the key rate range is 5.25–5.5% per annum.
The decision coincided with market expectations. Inflation has fallen over the past year but remains high, according to the Fed. The department also noted the low unemployment rate.
Over the long term, the Fed aims for 2% inflation and maximum employment.
The cryptocurrency market had almost no reaction to the news. According to CoinGeckoquotes of the largest digital assets by capitalization did not show significant dynamics.
Data: CoinGecko.
Quotes of the first cryptocurrency exceeded $42,000. At the time of writing, the total capitalization of the cryptocurrency market remained at $1.65 trillion.
5-minute BTC/USDT chart of the Binance exchange. Data: TradingView.
Let us recall that in June the Fed for the first time since March 2022 maintained the key rate range at 5–5.25% per annum. The price of Bitcoin fell below $26,000.
In July, the figure increased to 5.25-5.5% per annum, but digital gold quotes reacted slightly to the changes. In September and November the rate was kept at the same level.
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2023-12-13 19:10:13
#Fed #key #rate #Bitcoin #reacted #slightly #ForkLog
