#FOMCMeeting

As the U.S. Federal Open Market Committee (FOMC) convenes this week to discuss pivotal policy changes, Binance has shared its perspective on how these adjustments could impact the digital asset market. In a recent blog post, the company explores the potential implications of expected interest rate cuts and what they might mean for cryptocurrencies.

The U.S. Federal Open Market Committee (FOMC) is set to meet on September 17-18, 2024, to discuss significant policy changes that could impact the digital asset market. Central bank interest rates are a critical tool for shaping monetary policy, influencing the broader economy by encouraging borrowing and spending when rates are low, or cooling down an overheating economy when rates are high. The current U.S. rates, at 5.25%-5.50%, are the highest in 23 years, following two and a half years of aggressive measures to combat inflation, which has decreased from 7.1% to a more manageable 2.5%.