#PowellRemarks Federal Reserve Governor (The Fed) Jerome Powell said that the central bank does not need to rush to adjust interest rates. Powell's statement once again indicates that the central bank will be patient before lowering borrowing costs further.

After Powell's statement, Treasury bond yields remained higher that day, while stock prices fluctuated. Traders also largely did not change their expectations for interest rates this year, with interest rate cuts not fully expected until September and less than two cuts anticipated by 2025.

Current conditions are very influential on the significant rise and fall in prices of cryptocurrencies such as bitcoin, bnb, eth, and other coins.