Coindesk Analyst: If the Federal Reserve ends its quantitative tightening policy, it will bring benefits to risk assets including Bitcoin

ChainCatcher reports, Coindesk analyst Omkar Godbole says the market is focusing on the Federal Reserve's interest rate decision on Wednesday, believing it could provide support for the market. Some people think that if they announce an end to their balance sheet reduction plan (i.e., quantitative tightening), this could have a positive impact on the market.

The market expects the Fed to maintain its current interest rate range of 4.25% to 4.50%. Therefore, focus will be centered on how policymakers plan to advance their quantitative tightening program because there are concerns that this might affect system liquidity while the Treasury Department is working hard to address ongoing debt ceiling issues. In addition, markets will pay attention to economic forecast summaries.