fed Policy Rethink: Powell hinted that the Fed’s current approach might not be the right fit for today’s economic landscape.
Inflation Strategy Shift: The previous idea of allowing inflation to run above the 2% target is being questioned now.
Supply Chain Struggles: He acknowledged that ongoing supply shocks are making it harder to control inflation.
Better Communication Ahead: The Fed might work on clearer messaging around policy decisions.
Market Reactions:
U.S. Stock Market:
Volatility Returns: Stock futures slipped a bit as investors processed Powell’s cautious tone.
No Rate Cuts Soon: There was no indication that the Fed is planning to cut rates anytime soon.
Tech Still Resilient: The Nasdaq is holding up, largely thanks to strong tech earnings.
Crypto Market:
Bitcoin Pullback: BTC gave back some recent gains as Powell didn’t deliver the dovish signals some were hoping for.
Mixed Vibes: Traders seem split—some were expecting more optimism, but for now, markets are moving sideways.
Waiting Game: The crypto space is still on standby for clearer signals on Fed policy easing.
BTC Price: $103,982.81 (+0.81%)
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