The Federal Reserve is set to announce its latest interest rate decision at 2 AM on the 19th. The market expectations are almost unanimous that the current interest rate level will remain unchanged, with a probability as high as 99.9%. It is worth noting that at 2:30 PM Eastern Time, Fed Chair Powell will hold a press conference, and the market's interpretation of his comments may trigger asset price fluctuations.
Recent geopolitical instability has led to a continuous rise in oil prices, a factor that could significantly impact the inflation outlook. Powell must provide a clear stance on this issue. If his speech signals a dovish tone, the Bitcoin market could see a rapid reversal and rebound; conversely, if Powell expresses concerns that inflation may rise sharply due to external factors, the current downward trend in the market may continue.
Investors should closely monitor the outcome of this meeting and Powell's speech, as his assessment of inflation trends will be a key factor influencing the short-term market direction.
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