#PowellRemarks ๐ฃ๏ธ๐ | Markets Hold Their Breath!
โWeโre prepared to hike further if inflation doesnโt cool down fast enough.โ โ Jerome Powell, Fed Chair ๐๏ธ
Federal Reserve Chair Jerome Powell's latest remarks have once again shaken global markets. His hawkish tone suggests the Fed is not done with rate hikes, depending on how inflation plays out in coming months. ๐๐ฅ
Crypto markets responded with volatility, as investors weigh the impact of tighter monetary policy. On Binance, we saw a dip in major tokens like BTC and ETH immediately after the speech. ๐๐ฌ
๐ What does it mean for you?
Higher interest rates = stronger dollar ๐ต, weaker risk assets like crypto and stocks.
But smart investors see volatility as opportunity. ๐ง ๐
โ ๏ธ Stay updated. Stay informed. The Fed is still in the driverโs seat.