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Today, meeting of the FED on interest rates: what impact will it have on the crypto market?

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Tonight at 8:00 PM UTC+1, the US FED will sit at the “Federal Open Market Committee” (FOMC) to establish the future direction of interest rates.

The analysts predict a “no change” situation that will leave no room for either increases or reductions in relation to the cost of money in the United States.

In such a context, the latest political moves by Trump on immigration in the country contribute to increasing the inflation of the dollar, raising the chances of a new stimulus for the monetary policies of the FED.

All these events spill over into the riskiest market like that of cryptocurrencies, which is currently in a phase of stagnation. What should we expect in the coming months? 

Continue reading at The Cryptonomist

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