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Crypto Market: FOMC In Focus As GDP & PCE Data Raises Fed’s Rate Cut Concerns

By Rupam Roy at 2024-05-13 01:51

Sentiment: Negative

Investors in the crypto market are on edge as they await the Federal Open Market Committee (FOMC) interest-rate decision, amid growing apprehensions over potential delays in the Federal Reserve’s rate cut plans. Notably, the recent economic indicators, including U.S. GDP and Personal Consumption Expenditures (PCE) inflation data, have exacerbated concerns, signaling a possible hawkish stance from the The post Crypto Market: FOMC In Focus As GDP & PCE Data Raises Fed’s Rate Cut Concerns appeared first on CoinGape. Continue reading...

Categories: 24/7 Cryptocurrency News

Tags: #24/7 Cryptocurrency News #Crypto Market #Federal Reserve #FOMC Minutes #interest rate

Source CoinGape