{"id":11818,"date":"2024-03-20T21:37:39","date_gmt":"2024-03-20T19:37:39","guid":{"rendered":"https:\/\/forklog.com\/en\/federal-reserve-holds-key-rate-steady-as-bitcoin-shows-little-reaction\/"},"modified":"2024-03-20T21:37:39","modified_gmt":"2024-03-20T19:37:39","slug":"federal-reserve-holds-key-rate-steady-as-bitcoin-shows-little-reaction","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/federal-reserve-holds-key-rate-steady-as-bitcoin-shows-little-reaction\/","title":{"rendered":"Federal Reserve Holds Key Rate Steady as Bitcoin Shows Little Reaction"},"content":{"rendered":"<p>On March 20th, the United States Federal Reserve <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20240320a.htm\" title=\"\">maintained<\/a> its key interest rate range at 5.25\u20135.5% per annum.<\/p>\n<p>The decision aligned with market expectations. According to the Federal Reserve, inflation has decreased over the past year but remains high. The agency also noted the low unemployment rate. In the long term, the Federal Reserve aims for 2% inflation and maximum employment.<\/p>\n<p>On March 12th, the U.S. consumer price index <a href=\"https:\/\/t.me\/forklog\/36262\" title=\"\">increased<\/a> from 3.1% to 3.2% over the month.<\/p>\n<p>The cryptocurrency market showed little reaction to the news. According to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>, the prices of the largest digital assets by market capitalization showed no significant movement.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"592\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-03-20-v-21.30.09-1024x592.png\" alt=\"Snimok-ekrana-2024-03-20-v-21.30.09\" class=\"wp-image-228868\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-03-20-v-21.30.09-1024x592.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-03-20-v-21.30.09-300x173.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-03-20-v-21.30.09-768x444.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-03-20-v-21.30.09-1536x888.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-03-20-v-21.30.09-2048x1184.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: CoinGecko.<\/figcaption><\/figure>\n<p>Bitcoin continued to trade around the $64,000 level.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-03-20-v-21.29.33-1024x640.png\" alt=\"Snimok-ekrana-2024-03-20-v-21.29.33\" class=\"wp-image-228869\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-03-20-v-21.29.33-1024x640.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-03-20-v-21.29.33-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-03-20-v-21.29.33-768x480.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-03-20-v-21.29.33-1536x960.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-03-20-v-21.29.33-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">5-minute BTC\/USDT chart on Binance. Data:\u00a0<a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Back in July 2023, the Federal Reserve raised the key rate to 5.25-5.5% per annum. Since then, the rate <a href=\"https:\/\/u1f987.com\/en\/news\/federal-reserve-maintains-key-rate-bitcoin-price-remains-stable\">has remained unchanged<\/a>.<\/p>\n<p>In early March, Grayscale analysts identified inflation and the high Federal Reserve rate as barriers to Bitcoin&#8217;s growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 20th, the United States Federal Reserve maintained its key interest rate range at 5.25\u20135.5% per annum. The decision aligned with market expectations. According to the Federal Reserve, inflation has decreased over the past year but remains high. The agency also noted the low unemployment rate. In the long term, the Federal Reserve aims [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1249,1224],"class_list":["post-11818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-federal-reserve-system","tag-macroeconomics"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11818"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11818\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11817"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}