How can the FOMC meeting in July affect the price of digital currencies?

1 answers

• faysalApr 05, 2024 · 2 years ago
  The FOMC meeting in July can have a significant impact on the price of digital currencies. As an expert in the industry, I've seen how the decisions made by the Federal Reserve can create waves in the market. If the Federal Reserve decides to raise interest rates, it can lead to a decrease in the price of digital currencies as investors may shift their funds to traditional assets with higher returns. On the other hand, if the Federal Reserve decides to lower interest rates or implement expansionary monetary policies, it can stimulate the demand for digital currencies as investors seek higher returns. The outcome of the FOMC meeting in July can set the tone for the digital currency market and influence investor sentiment and behavior.
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