BlockBeats News, on May 16, Federal Reserve Chairman Powell stated that he is reassessing the monetary policy framework and adjusting related language to enhance flexibility in responding to inflation and supply shocks, with a review expected to be completed in a few months. He noted that the April PCE inflation expectation is 2.2%, indicating effectiveness in controlling inflation, and that the current policy has achieved a "soft landing," a rare positive outcome. In the face of more frequent and persistent supply shocks, the future framework will incorporate long-term structural factors and seek more flexible policy tools.
Bitunix analysts suggest:
The signal of policy adjustment helps stabilize market expectations, alleviating interest rate hike pressure and benefiting risk assets. Inflation is stabilizing and receding, with a policy leaning towards easing, which is a mid-term positive for the cryptocurrency market. It is advised to pay attention to whether the BTC 100K support holds. If it holds, 105K will be a short-term resistance level. In terms of operations, focus can be on ETH, ecological coins, and inflation-resistant tokens that are highly sensitive to policy changes.
