May 1 US Federal Reserve System (FRS) saved the key rate range is 5.25–5.5% per annum.
The decision coincided with market expectations.
On April 10, the US Federal Bureau of Labor Statistics published a report on consumer prices. The index value turned out to be higher than expected – 3.5% versus 3.4%.
The cryptocurrency market reacted positively to the decision. Bitcoin immediately returned to above $58,000, but soon fell back below this level, at the time of writing.
According to CNN, JPMorgan and Goldman Sachs expect the first Fed rate cut in July, and Wells Fargo in September. Bank of America analysts don't expect a decline until December. Some Fed representatives, according to the publication, admitted the possibility of raising rates instead of cutting them.
On May 1, Bitcoin fell below $57,000. Standard Chartered analysts warned that the failure of the $60,000 level again opened the way for the first cryptocurrency to the range of $50,000–52,000.
Source: Cryptocurrency
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