#PowellRemarks shakes the market again what did the Federal Chairman say?
In his latest public statements, Jerome Powell, the Chairman of the Federal Reserve, indicated that inflation is still above the target despite some relative slowdown. This statement sent a clear message that interest rates will remain high for longer than expected, leading to strong fluctuations in cryptocurrency and stock markets.
The markets reacted immediately, with the DXY dollar index rising while currencies like BTCUSDT experienced temporary selling pressure before recovering with new liquidity entering the market.
Powell confirmed that the Federal Reserve will continue to rely on data, and any rate cut is contingent upon a clear and sustainable decline in inflation. These signals push investors towards caution and stimulate hedging through stablecoins or digital gold like Bitcoin.
The smart trader is now watching upcoming economic data such as consumer price indices and employment figures, as they will determine the direction of the market in light of Powell's statements.
The opportunity lies in smart analysis and quick reactions to market changes.