After Federal Reserve Chairman Jerome Powell said there was no need to rush to lower interest rates, U.S. stocks, Bitcoin, international crude oil prices, and more all fell.
On the 14th (local time), Chairman Powell said at a Dallas Fed event that "central banks do not need to rush to lower interest rates."
"Given the strength of the economy, the central bank is prepared to lower interest rates," Powell said.
"There is no need to rush to do so and the Fed will continue to monitor certain inflation measures closely to ensure they remain within acceptable bounds," he added.
After his remarks, interest rate futures traded on the Chicago Mercantile Exchange (CME) fell to FR
The Fed's December meeting of the Federal Open Market Committee (FOMC) reflects a 58% chance of cutting interest rates by 0.25 percentage points, down from 82% the previous day.
The possibility of a cut in interest rates in December has increased. After that, the US stock market fell in unison. On that day, the Dow in the New York market fell 0.47%.
The S&P 500 fell 0.60% and the Nasdaq fell 0.64%. The virtual currency market, including Bitcoin, has also been hit hard.
On CoinMarketCap, Bitcoin was trading at $88,307, down 1.77% from 24 hours earlier. However, immediately after Powell's remarks, Bitcoin was trading at $86,682 (about 135
The dollar has plummeted from $87,000 to $50,000. International crude oil prices are also falling. Lowering interest rates is a typical factor in boosting the economy and will increase demand for crude oil. However, Chairman Powell
At the same time, the Western Texas stock price on the New York Mercantile Exchange also fell, causing a reversal in the price of international crude oil.
2024/11/15 14:29 KST
Copyright(C) BlockchainToday wowkorea.jp 117