WARNING This Is The SCARIEST Part Of The FOMC Meeting. What This Means for Crypto
At the FOMC meeting, central banks discuss their plans for economic policy. One of the most important topics is the Federal Funds Rate, which is the interest rate at which banks can borrow funds from the Federal Reserve.
The Fed can raise or lower the rate to influence the economy. When the rate is high, it can slow economic growth and lead to deflation. When the rate is low, it can encourage economic growth and lead to inflation.
When the Fed announces a change in the Federal Funds Rate, it can have a ripple effect on the markets, and this can have a major impact on the value of cryptocurrencies.
Cryptocurrencies are highly volatile and investors need to be aware of the potential risks associated with them. The FOMC meetings can have a significant impact on the value of cryptocurrencies, so it’s important to be aware of the decisions being made and the implications for the crypto markets.
