#CryptoStocks In the context of monetary policy, Powell stated that there is not enough information to make decisions regarding changes in interest rates. He mentioned that The Fed must wait for additional data before taking action.

There are no signs of interest rate cuts in the near future. This sentiment disappointed the market as it contradicted previous expectations.

For the crypto market, this speech brought negative sentiment. Hopes for a policy easing have not materialized, while inflationary pressures remain a concern. The lack of clarity from The Fed has caused market participants to adopt a cautious stance.