Currently, there are two main reasons why the Federal Reserve has paused raising interest rates:
As the Buckle icon supports Bitcoin and announces his re-election, the economic environment of the El Salvador icon has changed significantly. The price of Bitcoin is currently rising, and El Salvador’s continued support for the cryptocurrency may help boost market sentiment.
The Federal Reserve has raised interest rates several times, but due to the banking crisis and changes in the financial conditions index, there is a high possibility of suspending interest rate increases at the end of the year.