Fed Chair Jerome Powell says recession is possible but unlikely; Bitcoin price holds up above $30,000

FXstreet
FXstreet

28 Jun 2023 3:51 PM

Bitcoin price has been keeping investors happy, sitting above the key support level of $30,000. This is expected to change as we move into July as Fed...

  • Federal Reserve Chair Jerome Powell hints at more restrictive policy at the 2023 ECB Forum on Central Banking.
  • Powell suggests that consecutive rate hikes should not be ruled out.
  • Bitcoin price remains above $30,000 despite Powell's comments.
  • Powell discusses the possibility of a recession this year.
  • Powell emphasizes the Fed's focus on inflation.
  • ECB President Lagarde provides information on the digital Euro.

The article provides mixed sentiment. Powell's comments about rate hikes and the possibility of a recession may have a negative impact on the market, but Bitcoin price remains stable.

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