CandleFocus

Jerome Powell Optimistic On Cooling US Inflation, Bitcoin Rally Imminent?

The US Federal Reserve Chair, Jerome Powell, has expressed a cautious approach towards lowering inflation to their target of 2%. He mentioned during a meeting that future rate cuts will depend on incoming inflation data. This news is important as it could potentially impact the price of Bitcoin, as the actions taken by the Federal Reserve, such as quantitative easing, have been known to influence cryptocurrency prices.

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