What time does the Fed's interest rate decision announcement usually happen and how does it influence cryptocurrency trading?

1 answers

• Nov 24, 2021 · 3 years ago
  The Federal Reserve's interest rate decision announcement usually happens at 2:00 PM Eastern Time. This announcement is a highly anticipated event in the cryptocurrency market, as it can influence market trends and trading strategies. The Fed's decision to raise or lower interest rates can impact the overall market sentiment and investor confidence. If the Fed raises interest rates, it may lead to a decrease in demand for cryptocurrencies, as investors may opt for traditional investment options with higher returns. Conversely, if the Fed lowers interest rates, it can potentially increase the demand for cryptocurrencies, as investors seek alternative assets with better returns. It's crucial for cryptocurrency traders to stay informed about the timing of the Fed's interest rate decision announcement and analyze its potential implications for the market.
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