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The Federal Reserve didn’t hike rates of interest in its assembly on Sept. 20 however hinted that charges may stay greater for longer. On the post-meeting press convention, Fed Chair Jerome Powell cautioned that “the method of getting inflation sustainably all the way down to 2% has an extended option to go.”
This attainable situation could have triggered the sell-off in the US equities markets and likewise within the cryptocurrency house. Danger belongings sometimes are inclined to underperform in a high-interest-rate atmosphere.
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