India, Aug. 19 -- Cryptocurrencies are trading on a muted note on Tuesday morning as traders booked profits ahead of the release of the minutes of the recent FOMC on Wednesday afternoon. Optimism over a potential Russia-Ukraine peace deal, caution ahead of economic data releases and anxiety ahead of the Jackson Hole Symposium also influenced market sentiment.
The Federal Open Markets Committee meets eight times a year to discuss monetary policy changes, review economic and financial conditions and assess price stability and employment output. These FOMC meetings take place every six weeks. The minutes of the scheduled meetings are released three weeks after the date of the policy decision. Opinions of the Committee's members on the state o...