Fed Chair Jerome Powell Speech: No Urgency To Cut Interest Rate

Quick Summary:

Bitcoin (BTC) appears to be running out of steam after the latest US inflation data and speech from Fed Chair Jerome Powell speech on what the market should expect per interest rates moving forward.

The Fed Chair’s statement comes about a week after the apex bank implemented its second rate cut for the year.

The bank did not follow the bandwagon when other Central Banks implemented rate cuts.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: India

Topics: Bitcoin (BTC) Price Jerome powell 24/7 Cryptocurrency News Interest rate cuts

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 21:01:45 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 494 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23592835

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About CoinGape

Main Topics: Crypto

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News Last Updated: 10 hours ago

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