😉 The Fed kept its key rate. Bitcoin reacted with a slight fall
💻 #NEWS
On September 20, the US Federal Reserve System (FRS) maintained the key rate range at 5.25–5.5% per annum.
The decision coincided with market expectations. According to the Fed, U.S. inflation remains high, unemployment remains low, and economic activity continues to grow at a strong pace.
The Fed will continue to aim for maximum employment and 2% inflation over the long term. If necessary, the agency is ready to adjust the key rate range.
On September 13, the US Federal Bureau of Labor Statistics published a report on consumer prices. The index value turned out to be higher than market expectations - in annual terms, growth slowed from 4.7% to 4.3%, in monthly terms it increased from 0.2% to 0.3%.
The Nasdaq Composite, S&P 500, and Dow Jones indices reacted modestly to the Fed's decision, losing less than 0.5%.
The cryptocurrency market had almost no reaction to the news. Quotations of the largest digital assets by capitalization did not show significant dynamics.
Bitcoin first fell below $27,100 and then returned to $27,200. At the time of writing, the total cryptocurrency market capitalization remains above $1.1 trillion.