The Federal Open Market Committee (FOMC) has cut the rate again by 25 basis points to a target range of 1.75%-2.00%. While this is in line with analysts’ expectations, the Fed’s potential dovish stance might be bullish for Bitcoin in the long term. Fed Has No Plan for Future At the end of August, we reported that the Fed cut its interest rate for the first time since the financial crisis in 2008. We alsoRead MoreThe post Federal Reserve’s Ambiguous Outlook Bodes Well for Bitcoin appeared first on Bitcoinist.com.
