Crypto Markets Remain Unmoved by Fed’s Economic Insights

Despite the release of new data about inflation and a lack of action from the Federal Reserve to lower interest rates, cryptocurrency markets showed little reaction. Fed member Schmid offered further insights, emphasizing that the risks of higher inflation could outweigh potential economic benefits, leading to continued focus on combating inflation. [Insert link to Schmid’s statements if available]** This news comes amidst market expectations for a steady interest rate policy ahead of the Fed’s next meeting in July. The potential for further rate cuts remains uncertain.