Crypto Market Faces Short-term Bearish Sentiment After Fed Left Interest Rate Unchanged Akin to BoJ

The post Crypto Market Faces Short-term Bearish Sentiment After Fed Left Interest Rate Unchanged Akin to BoJ appeared first on Coinpedia Fintech News

After the Bank of Japan (BoJ) held its uncollateralized overnight call rate unchanged on Tuesday, the Federal Reserve has followed a similar path. On Wednesday, Fed Chair Jerome Powell announced that the Fed Funds Rate will remain between 4.25 percent and 4.5 percent. During his speech on Wednesday, Powell said that the near-term inflation expectations …