How does the FOMC meeting today affect the price of digital currencies?

1 answers

• Dec 28, 2021 · 3 years ago
  As an expert in the digital currency industry, I can tell you that the FOMC meeting today can have a significant impact on the price of digital currencies. The decisions made by the committee can influence market sentiment and investor behavior. For example, if the FOMC decides to raise interest rates, it can lead to a decrease in the demand for digital currencies as investors may shift their focus to traditional assets. Conversely, if the FOMC decides to lower interest rates or maintain an accommodative monetary policy, it can boost investor confidence and increase the demand for digital currencies. It's important to keep an eye on the FOMC meeting and its outcomes as they can provide valuable insights into the future direction of digital currencies.
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