Financial Summit
Financial Summit 1 minutes reading from Bitcoin

FOMC Now ‘Still Quite Unertain’ of US Tightening: Minutes

BREAKING: Minutes from FOMC

suggest a substantial majority of the committee support a slowing of the pace of tightening soon


FOMC minutes also say the committee so far see no signs of inflation cooling.

FOMC impact of rate hikes are "still quite uncertain"

This is despite interest rates rising 16x this year since March

Committee accept that the effects of global tightening and the impacts of that may spread to the US

Higher mortgage rates have notably slowed mortgage demand


Bitcoin saw a small pump as the minutes were released to 16600

The main message - FOMC expects rate rises to continue but expected to be at a slower pace

This post is based on this twitter thread.


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