Markets React to Fed Caution
In his latest statement, Fed Chair Jerome Powell confirmed interest rates will remain at 4.25–4.50%, signaling that rate cuts are not likely in the near term. Powell emphasized a data-driven approach, citing concerns about persistent inflation, especially in services and goods during the summer season.
While traditional markets dipped slightly, crypto markets showed increased volatility, with Bitcoin experiencing sharp swings as traders reassessed risk. Powell’s cautious tone highlights the Fed’s commitment to fighting inflation over stimulating growth—for now.
For Binance traders, this means macro news continues to influence crypto price action. With no clear timeline for easing, expect market sensitivity to economic data to remain high. Stay informed and position accordingly.
