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Tech selloff may ease pressure on the Federal Reserve, says BMO economist

By Diego Almada Lopez

A tech sector cooldown could grant the Federal Reserve more flexibility in monetary policy, potentially easing inflationary pressures. The post Tech selloff may ease pressure on the Federal Reserve, says BMO economist appeared first on Crypto Briefing.

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Federal Reserve

The central bank of the United States, which sets US interest rates and supervises banks.

Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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