Coindesk analyst: If the Federal Reserve ends its quantitative tightening policy, it will be beneficial for risk assets including Bitcoin
ChainCatcher news, Coindesk analyst Omkar Godbole stated that the market is focusing on the Federal Reserve's interest rate decision on Wednesday, believing it could provide support for the market. Some believe that if the end of the balance sheet reduction plan (i.e., quantitative tightening) is announced, it could have a positive impact on the market.The market expects the Federal Reserve to maintain the current interest rate range of 4.25% to 4.50%. Therefore, the focus will be on how policymakers plan to advance the quantitative tightening program, as there are concerns that this could affect the system's liquidity, while the Treasury is working to address the ongoing debt ceiling issue. Additionally, the market will be watching the economic forecast summary.