Ualifi Araújo
--
Bullish
#Powell is a new man hahaha.
I found Powell's statements very positive, although it is clear from the jump that #BTC and #altcoin made that it was not just me, of course it was not something we can say is paradise, but it is better than nothing.
Powell emphasized the importance of closely monitoring economic indicators and adjusting policy as necessary to promote maximum employment and stable prices. He highlighted that inflation has shown positive readings recently and expressed confidence that it will align with the 2% target. For the market, the decision to maintain interest rates was something EXPECTED.
In addition, Powell's confidence in the convergence of inflation to the 2% target suggests a more stable economic environment. The Fed's cautious stance, waiting for economic data before making any further adjustments, indicates a prudent approach that prevented yesterday's decline from extending and allowed the market to recover quickly.
The market's biggest fear was today's statements, and since that has passed... life goes on as normal.
We may see some small pullbacks as many traders who were trading the news are expected to close their positions with profits, but a recovery is most likely and should happen soon.
I will probably only post about BTC tomorrow!
I found Powell's statements very positive, although it is clear from the jump that #BTC and #altcoin made that it was not just me, of course it was not something we can say is paradise, but it is better than nothing.
Powell emphasized the importance of closely monitoring economic indicators and adjusting policy as necessary to promote maximum employment and stable prices. He highlighted that inflation has shown positive readings recently and expressed confidence that it will align with the 2% target. For the market, the decision to maintain interest rates was something EXPECTED.
In addition, Powell's confidence in the convergence of inflation to the 2% target suggests a more stable economic environment. The Fed's cautious stance, waiting for economic data before making any further adjustments, indicates a prudent approach that prevented yesterday's decline from extending and allowed the market to recover quickly.
The market's biggest fear was today's statements, and since that has passed... life goes on as normal.
We may see some small pullbacks as many traders who were trading the news are expected to close their positions with profits, but a recovery is most likely and should happen soon.
I will probably only post about BTC tomorrow!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.