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Analysts: If the Federal Reserve ends its quantitative tightening policy, it will bring favourable information to risk assets, including Bitcoin.
On March 19, Coindesk analyst Omkar Godbole stated that the market is following 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 program (i.e., quantitative tightening) is announced, it could have a positive impact on the market. The market expects the Federal Reserve to maintain the interest rate in the current 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 follow the economic forecast summary.