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

There are no signs of an interest rate cut in the near future. This sentiment has disappointed the market as it contradicts previous expectations.

For the crypto market, this speech brings negative sentiment. Hopes for a loosening of policy have not materialized, while inflationary pressures remain a concern. The lack of clarity from The Fed has led market participants to choose a cautious approach.