Today, Fed Chair Jerome Powell delivered his much-anticipated speech - and opened the door to potential rate cuts as early as September.
๐ Why?
โข The US job market is weakening
โข Inflation remains unstable
โข New tariffs are pushing prices higher again
โ๏ธ The Fed is shifting its strategy - moving away from โtoleratingโ higher inflation and toward a more flexible, responsive approach.
Hereโs what followed:
๐ Stocks moved higher
๐ Bond yields dropped
๐ Interest in crypto is picking up
๐ก What does it mean for you?
When rates fall, capital flows into alternative assets - and crypto tends to thrive.
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