Yesterday’s FOMC meeting wasn’t as bullish as many had hoped.
Powell did point out that inflation has dropped significantly, which is a positive sign.
However, he also shared several bearish signals—mentioning inflation risks tied to the tariff war, concerns about stagflation due to negative GDP, and that there’s no urgency for rate cuts.
Despite that, BTC rallied after his speech, as markets are still pricing in at least three rate cuts this year.
That’s why bond yields dropped during his talk.
Altcoins might need more time, but BTC still has room to climb in the meantime.
