🔥 All eyes on Jerome Powell this week — and the pressure is building. Republican lawmakers are expected to grill the Fed Chair for not cutting interest rates sooner, with President Trump repeatedly claiming on Truth Social that the delay has already cost the U.S. "hundreds of billions of dollars."* 🏛️💰
Despite the heat, Powell is likely to stick to the Fed’s core message: independence and a data-driven approach.
But markets want more than caution — they want clarity. 👀📉
Traders are laser-focused on Powell’s rate outlook, especially after Trump-appointed Fed Governor Christopher Waller hinted at a possible july rate cut.
According to Chris Weston of Pepperstone, the case for a dovish pivot is building:
✅ Inflation expectations are anchored
✅ Labor market shows early signs of stress
✅ Housing remains sluggish
This setup could drive a risk-on wave, boosting assets like BTC, which has been holding above $100,000 despite geopolitical tensions. 📈🚀
Markets are betting on two 25 bps cuts this year, but the path isn't set. ING suggests we might only get one — unless the jobs data worsens, in which case a *50 bps cut* could be on the table.
Any positive news will skyrocket $PEPE
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