Federal Reserve’s July meeting minutes reveal concerns about inflation risks
The decline in cryptocurrency values on Thursday was triggered by the disclosure of the Federal Reserve’s July meeting minutes. These minutes revealed that officials are concerned about “upside risks” to inflation, which could lead to further interest rate increases. Many had expected the central bank to refrain from making any more rate adjustments this year. The concerns about inflation and potential rate increases caused a decline in the stock market for two consecutive days and led to the 10-year U.S. Treasury yield reaching its highest level since 2008.
Exclusive Access: Unlock Premium, Confidential Insights
Unlock This Exclusive Content—Subscribe Instantly!
Login if you have purchased
