Summary
- Fed Chair Jerome Powell said that while some have raised the possibility of a recession, the likelihood is not high.
- The Federal Reserve decided to hold the benchmark interest rate steady, which aligns with market expectations.
- The U.S. benchmark interest rate remains at 4.25%~4.50%.
Jerome Powell, Chair of the Federal Reserve (Fed), stated on the 19th (local time) during a press conference after the FOMC that while some experts have raised the possibility of a recession, the likelihood is not high.
Earlier, the Fed announced through an official statement that it would hold interest rates steady. This aligns with market expectations. As a result, the U.S. benchmark interest rate remains at 4.25%~4.50%.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
