#The interest rate in the U.S. has been set; bitcoin reacts with volatility.
The U.S. Federal Reserve (Fed) made its monthly update on interest rates.
It has been determined that there will be no changes in the rates, at least for the next month. They remain at 4.50% annually.
Apparently, many investors and traders were hoping for a surprising cut in the interest rate (perhaps they believed that with Donald Trump at the helm of the Executive Power, there would be changes in the Fed's policies), and they were disappointed when it did not happen.
Half an hour after the interest rate decision was announced, Fed Chairman Jerome Powell held a press conference.
Furthermore, he clarified that "as the economy evolves, they will adjust monetary policy considering the employment situation." Powell stated: "If the labor market weakens more than expected, we could move more quickly in lowering interest rates."
Finally, the Fed Chairman emphasized that reaching an inflation rate of 2% annually remains the goal.
In any case, bitcoin does not yet show a clear bullish or bearish trend. Probably in the next few hours, the ambivalent volatility will decrease and the market will define a direction.
