Jerome Powell's May 7 Statement – Market Impact & Trading Moves 🏛️📉📈

Federal Reserve Chair Jerome Powell delivered his latest statement today, and it’s already shaking market sentiment. While acknowledging a stable U.S. economy, Powell warned of growing uncertainty ahead. His words:

“It may well [get worse]. It just hasn’t shown up yet.”

This signals a cautious outlook, with early signs of households and businesses postponing spending and investment.

📊 Federal Funds Rate: Held Steady

The Fed decided to maintain the federal funds rate at 4.25% to 4.5%. This pause reflects the Fed’s attempt to balance two critical goals:
– Keeping unemployment low
– Containing inflation, which remains slightly above target

Powell emphasized that the Fed remains alert to risks from both inflation and economic slowdown, adopting a "wait and watch" stance rather than making any major policy shifts.

📈 Coins to BUY Now (24–48 Hour Window)

🪙 Cardano (ADA)
Bullish indicators across RSI, MACD, and Ichimoku Cloud with growing whale accumulation suggest a rally toward $0.7250. Volume trends support further upside.

🪙 Avalanche (AVAX)
Currently trading under $40 with strong support from rising volume, positive funding rates, and bullish divergence. Short-term projection targets $43–$45.

📉 Coins to SELL or AVOID Now

🪙 Dogecoin (DOGE)
Despite social media hype, technicals are weakening. RSI and MACD show bearish divergence and resistance at $0.17 is proving strong. Pullback expected.

🪙 Aptos (APT)
Lack of bullish volume, weak breakout attempts, and fading development activity. Price rejection around $9.20 points to likely downside ahead.

With macro uncertainty and Powell’s cautious tone, traders should stay sharp and act on real-time indicators.

#JeromePowell #MarketUpdate #CryptoStrategy #ShoaibFinancialInsights