As a result of the Fed meeting, financial markets began to recover

This Wednesday, the Fed held a meeting, the main topic of which was inflation. The markets reacted with growth.

In his speech, Federal Reserve Chairman Jerome Powell acknowledged the severity of inflation, mentioned cryptocurrencies (in a negative light) and acknowledged the potential of stablecoins.

He said that with proper regulation within a year, the government will be able to return to 2 percent growth in consumer prices. The key rate has remained unchanged for now, but the agency plans to increase it three times next year.

BTC responded by rising to $49,000, while the growth took place on low volumes and with little trading activity. Volatility has reached a critical point; its fall below will “freeze” the growing medium-term trend, leaving the signal for a short-term decline in force.

A meeting of the European Central Bank is scheduled for today, where forecasts for economic markets and inflation are to be adopted. The anti-inflationary strategy of financiers can support the growth of the crypto market and attract new capital.

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