Summary of Powell's Speech Tonight: Maintaining Interest Rate Decision, Reiterating That the Federal Reserve Does Not Need to Rush to Cut Rates.
During his speech, Powell stated that even though short-term inflation expectations have risen, long-term inflation expectations remain aligned with the target, so the Federal Reserve does not need to rush to adjust interest rates. However, he also mentioned that the risks of rising unemployment and inflation have increased, and the impact of tariffs has been much greater than expected so far, with uncertainty factors continuing to rise.
Market traders have begun to bet that the Federal Reserve will cut rates before July, still expecting three rate cuts this year.
Tonight's market volatility is considered the smallest fluctuation in interest rates by the Federal Reserve in nearly six months, as the Fed's actions and Powell's remarks align with market expectations. Bitcoin has been fluctuating around 96,000 without significant spikes in either direction.
In the future market, focus more on whether Bitcoin can effectively break through the high point of 98,000. If it cannot break through and stabilize, it is expected that Bitcoin will undergo a deeper dive below 90,000.
