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Bitcoin up 2.1% after FOMC minutes signal possible QT slowdown

Bitcoin up 2.1% after FOMC minutes signal possible QT slowdown
Bitcoin's price increased by 2.1% within 24 hours after the Federal Reserve's minutes were released, which discussed potentially pausing or slowing their balance-sheet reduction program due to debt-ceiling concerns. The minutes showed that policymakers wanted to see further progress on inflation before making adjustments to the federal funds rate. The Treasury Department has been using extraordinary measures to continue paying government expenses since reaching the debt limit in January. President Trump supports a proposal to raise the debt ceiling, but negotiations are expected to take time. Policymakers are also monitoring Trump's economic policy plans, which could impact inflation, labor markets, and economic growth. Futures markets are currently predicting one rate cut in 2025, with the possibility of a second.

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