Following the recent announcement by the Federal Open Market Committee (FOMC) to maintain interest rates at current levels, the cryptocurrency markets have staged a robust rebound. Traders are feeling bullish, buoyed by the decision’s positive impact on both equities and the correlation between cryptocurrency and the S&P 500. πΊπΈπ After […]
Tag: Fed
Coronavirus Concerns Force Fed to Slash Interest Rates
The Federal Reserve has done something that won’t sit well with the American public. Suddenly cutting interest rates due to the coronavirus is very telling of what is about to happen.Β It was to be expected, but banks are feeling a lot of pressure. Coronavirus Causes Financial Stress That situation […]