Federal Reserve Meeting June 18: Markets Await Powell's Speech Amid Expectations of Interest Rate Hold

The Federal Reserve is expected to hold the interest rate at 4.25%-4.50% in today's meeting amid ongoing inflation and geopolitical tensions. While an immediate cut is not anticipated, markets will focus on Jerome Powell's speech at 2:30 PM New York time, looking for signs of a potential reduction later this year. Powell's speech could cause volatility in Bitcoin and the cryptocurrency market if he hints at a change in monetary policy.