The Federal Reserve’s key interest rate decision is set for tomorrow at 2 PM UTC. While no rate cut is expected, all eyes will be on Fed Chair Jerome Powell’s press conference at 2:30 PM, which could shake the markets. $BTC
Why It Matters:
The economic outlook has shifted: Inflation is easing, but GDP has turned negative. This troubling combo could push Powell to adopt a dovish tone, signaling potential policy easing ahead—a bullish trigger for Bitcoin and other risk assets. $ETH
QT Watch:
Traders should also stay alert for a possible announcement on ending quantitative tightening (QT)—the Fed’s liquidity-draining bond selloff strategy since 2022. A pause or end to QT could pump fresh energy into crypto markets and drive prices higher.$XRP
