The next big moment for the markets is just around the corner — at 2 PM UTC tomorrow, the FOMC will release its latest interest rate decision.
While it’s almost a given that there won’t be a rate cut this time (and markets have already priced that in), what truly matters is what comes after — Jerome Powell’s press conference at 2:30 PM UTC.
Since the last FOMC meeting, inflation has cooled off and GDP has slipped into the negative. This combo could push Powell toward a dovish tone, which would be incredibly bullish for risk-on assets like crypto.
There’s also growing speculation that the Fed might announce the end of Quantitative Tightening (QT) — something that’s been in place since 2022. If that happens, it’s another strong signal that the Fed is pivoting toward a more market-friendly stance.
We’re already seeing some movement. $XRP is currently sitting at $2.1253, up 1.04%, and that could just be the beginning. If the Fed gives even a hint of bullishness, this could trigger a major altcoin reversal — and possibly mark the next phase of the crypto bull run.
I’m keeping a close eye on Powell’s words tomorrow. This could be the moment that changes the game.
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