In line with expectations, the US Federal Reserve has kept interest rates unchanged between 4.25% and 4.5% following the conclusion of the March FOMC meeting. Amid this development, market experts predict the US Fed will still ease its monetary policies this year.
US Fed Keeps Rates Unchanged Following FOMC Meeting
In a press release, the US Federal Reserve announced that the FOMC has decided to keep interest rates unchanged following the two-day meeting held on March 18 and 19. This decision is in line with expectations. As CoinGape reported, there was a 98% chance the Fed would continue with a 4.25% to 4.5% interest rate, per CME data.
However, while this development is typically bearish for the crypto market, the Fed also announced following the FOMC meeting that it would slow balance sheet runoff starting from April 1, a move that could usher in quantitative easing (QE) from the US Central Bank. This is bullish for Bitcoin and other crypto assets as more capital could flow into their respective ecosystems.
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