US economic reports and FED interest

9 months ago

There are some mega events that have huge impact on the crypto industry and that is we should be aware about all those events in order to avoid losses.

Among those are FED interest announcement and US economic reports which put huge impact on the market. The news that is positive for market will take the market upside but with negativity the market immediately goes downside.

Both of these news are from US and also the majority of the investors are from US. That is why it have impact on the market.

On July 9, FED chairman will testify before the senate and will give a short reminder about FED rate announcement and what will happen.

On July 11, release of Core CPI inflation data which is forecasted to remain unchanged at 3.4%. With this news there will be no market reaction.

On July 30-31, FED interest rate will be announced which will have huge impact on the market.

A week ago it was rumored that FED rates will be cut and that was a positive news for the market but these days there is another rumor that interest rate will likely increase which is not good news for the market.

There is still confusion and that is why everyone eye is on FED interest announcement and according to experts interest rate will remain unchanged or will slightly rise.

That is why investors are selling and crypto prices are down.

What do you people think about these events? What do you think about next FED announcement? Will be glad to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

IMAGE TAKEN FROM CANVA