Despite the ongoing conflict between the US and Iran, Bitcoin ($BTC) and altcoins are having a strong week.
Bitcoin has climbed above $75,000 for the first time in weeks, while altcoins are also experiencing double-digit gains.
However, the critical week of the FED interest rate decision has arrived. In the Bitcoin ($BTC) and cryptocurrency market, all eyes are on tomorrow’s FED meeting and the FED chairman’s statements.
Accordingly, the Fed will announce its second interest rate decision of 2026 tomorrow, followed by an oral statement from Fed Chairman Jerome Powell.
While it is widely expected that the Fed will keep interest rates unchanged in March, Wall Street Journal reporter Nick Timiraos, known as the “Fed spokesperson,” made statements regarding the Fed’s March interest rate decision.
Nick Timiraos, known as a “Fed insider,” said the Fed may be more inclined to remain silent this week as concerns about war-induced inflation mount. However, he noted that market and economic data will force the Fed to chart a course and indicate its future policy direction.
Timiraos said that two former Fed chairmen told him that the Fed would want to avoid making predictions about short-term interest rate cuts in the current environment.
Timiraos stated that the key question for the upcoming FOMC meeting is whether officials share the same view on interest rate cuts.
He also added that there could be a potential conflict over interests between hawkish and dovish members.
The Fed’s interest rate decision will be announced on March 18th at 9:00 PM Turkish time. Fed Chairman Jerome Powell will then make a statement at 9:30 PM.
*This is not investment advice.