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Is this happening to you frequently. Bitcoin gains as traditional banking jitters buoy crypto prices. A minority share of traders expected the Fed to pause rates in May given the recent stresses in the banking system, it's not appropriate to cut rates," Powell noted. Recommended For You. PARAGRAPHBitcoin BTC-USD edged down in Tuesday mid-afternoon trading after the Federal Reserve hiked rates by the expected basis-point increment, but Fed Chair Jerome Powell emphasized in his post-monetary decision presser that "conditions have broadly improved" in the banking sector since the turmoil emerged in March.
If you have an ad-blocker enabled you may be blocked from proceeding. He also said the Fed won't have to raise rates as high as it might have without the increased credit tightening from the banking stresses? Please report it on our feedback forum. Please disable your ad-blocker and refresh. If that's right, but signaled a pause in its fastest tightening campaign since the s.
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