Analyst: If the Fed ends its quantitative tightening policy, it will be good for risk assets including Bitcoin
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Odaily reports that CoinDesk analyst Omkar Godbole stated that the market is focusing on the Federal Reserve's interest rate decision on Wednesday, believing that this could provide support to the market. Some believe that if the plan to reduce the balance sheet (i.e., quantitative tightening) is announced to be ended, this could have a positive impact on the market. The market expects the Federal Reserve to maintain the current 4.25% to 4.50% interest rate range. Therefore, the focus will be on how policymakers plan to proceed with the quantitative tightening plan, as there are concerns that this could affect the system's liquidity, while the Treasury is working to address the ongoing debt ceiling issue. Additionally, the market will focus on the economic forecast summary. (CoinDesk)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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