$BTC Fed Chair Jerome Powellโs May 15, 2025 speech and its effects:
๐ Powell's Speech โ Key Points
Reassessment of Fed Framework: Current policy strategies may no longer suit todayโs economic conditions.
Inflation Control Focus: Strategy of letting inflation overshoot 2% target is being reconsidered.
Supply Shock Challenges: Acknowledged persistent supply shocks complicating inflation control.
Improved Communication: Fed may revise how it communicates policy intentions for clarity.
๐ Impact on U.S. Stock Market
Market Volatility: Stock futures dipped; investors cautious.
Rate Cut Delays Likely: Fed not signaling imminent rate cuts.
Tech Sector Holding Strong: Nasdaq remains stable due to earnings strength.
๐ Impact on Crypto Market
Bitcoin Slight Dip: Pulled back after recent gains amid cautious tone.
Trader Sentiment Mixed: Hopes for dovish tone unmet; market trades flat to down.
No Clear Boost Yet: Crypto waiting for clearer signs of Fed policy easing.
