0836 GMT - Bitcoin edges higher but remains stuck in a range ahead of the Federal Reserve's policy decision later. The Fed is expected to keep interest rates on hold in a decision at 1800 GMT. Policymakers won't want to "rock the boat" with Fed Chair Jerome Powell likely to reiterate that the Fed is in no rush to cut interest rates further, Pepperstone strategist Michael Brown says in a note. The updated economic projections could raise inflation expectations and lower growth forecasts due to President Trump's tariff policies, he says. However, the latest rate projections should be largely unchanged, he says. This "shouldn't move the needle too much from a market perspective." Bitcoin rises 1.7% to $83,386, according to LSEG. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
March 19, 2025 04:36 ET (08:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。