What is the schedule for FOMC meetings and how do they affect digital currencies?

1 answers

• itsXrgonMay 15, 2021 · 4 years ago
  At BYDFi, we understand the importance of FOMC meetings and their impact on digital currencies. The schedule for these meetings is typically released in advance, allowing investors to plan their strategies accordingly. The decisions made during these meetings can have a profound effect on the digital currency market. For example, if the Federal Reserve announces a rate hike, it can lead to a decrease in the demand for digital currencies as investors may prefer traditional assets. Conversely, if the Federal Reserve announces a rate cut or other accommodative measures, it can increase the demand for digital currencies as investors seek higher returns. Therefore, it is essential for digital currency traders to stay informed about the schedule and outcomes of FOMC meetings to make informed investment decisions.
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