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Bitcoin Price (BTC) Hovers Below $27K as Fed Chair Powell Makes Modestly Dovish Comments

by Index Investing News
May 19, 2023
in Cryptocurrency
Reading Time: 1 min read
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“The financial stability tools helped to calm conditions in the banking sector,” said Powell. “Developments there, on the other hand, are contributing to tighter credit conditions and are likely to weigh on economic growth, hiring and inflation,” he continued. “As a result, our policy rate may not need to rise as much as it would have otherwise to achieve our goals.”



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