The December FOMC meeting will raise rates by 50 basis points, taking the target range for the federal funds rate to between 4.25 per cent and 4.50 per cent. In doing so, the Commission would end up shifting its inflation-adjusted policy stance to a restricted zone🥶🥶🥶
Doge has not been boosted by Musk's tweets recently, so it is difficult to rise. The currency itself has no real value. It depends on celebrity effects, and the accumulation of popularity will result in today's price. It is possible to reach $1, but not now.
Fed officials have signaled plans to raise interest rates by half a percentage point at their meeting next week, but persistent wage pressures could prompt the central bank to keep raising rates higher than investors are currently expecting.
At present, the fluctuation of BTC is very small, fluctuating between 17300-15400. In the short term, the price of BTC will drop slightly, and it is expected to step back to 16000.
Doge fell back quickly after hitting $0.1, and the daily support level was around $0.07. In the near future, it is expected to fall to $0.07 with a high probability and then rebound.
The Fed's Bullard and Williams said interest rates will have to remain capped for some time, possibly cutting into 2024. Investors and traders didn't take note of the message, with interest rate markets still pricing in about 40 basis points of cuts from the Fed next year.
What happened with FTX could lead to a tendency for people to move their assets into personal wallets instead of storing them on an exchange, creating a different type of risk.