After today’s Federal Reserve meeting, Chair Jerome Powell held the line—keeping interest rates unchanged and signaling a cautious, hawkish stance. Although he hinted at a possible rate cut around September, he emphasized ongoing inflation risks and the Fed’s “soft landing” objective . Crypto markets reacted with a muted tone: Bitcoin continued trading above $104K, while altcoins showed mixed results . Investors are now parsing Powell’s tone for clues—will the Fed lean dovish enough to spark a crypto rally, or maintain its vigilance to combat inflation? His remarks suggest the former is tentative at best. For traders, clarity on macro direction is key, and Powell’s cautious message means volatility may persist until clear signals emerge.
