The Federal Reserve is almost certain to keep the federal funds rate unchanged at 4.25-4.50%
Any positive shift in tone favoring looser policy or similar could trigger a rally in crypto and equities
Donald Trump has massively criticized Powell, even calling him a numbskull at one point and threatening to replace him
The FOMC (Federal Open Market Committee) meeting is taking place tomorrow, and the crypto world is bursting with anticipation, mostly because of Jerome Powell’s scheduled speech.
Crypto enthusiasts are going to be listening for dovish commentary or any hints at upcoming cuts. The Federal Reserve is almost certain to keep the federal funds rate unchanged at 4.25%-4.50%, with markets pricing in a 99.9% probability of no rate cut tomorrow.
However, any positive shift in tone favoring looser policy or similar, regardless if there are cuts or not, could trigger a rally in crypto and equities.
On another note, during the meeting, the Fed is expected to release its updated Summary of Economic Projections (Dot Plot), potentially confirming rate cuts beginning around September.
US President Donald Trump has massively criticized Powell, even ca…
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