The Federal Reserve (Fed) today made the expected decision – the key interest rate remains unchanged. Fed Chair Jerome Powell noted that the U.S. economy remains resilient, inflation is gradually decreasing, and the labor market remains strong. However, there were no hints of an imminent rate cut, and the Fed continues its wait-and-see strategy.
Key points of the speech
- The rate remains unchanged, the Fed is not yet ready to cut it.
- The labor market is stable, with no signs of overheating.
- Inflation is showing a decline, but not to target levels.
- The Fed is showing patience before taking further steps.
- Monetary policy remains tight, despite improving macroeconomic conditions.
Prospects of the crypto market
The cryptocurrency market is sensitive to the Fed's policy, and the current decision reduces the likelihood of an imminent bull rally. However, the absence of tightening monetary policy leaves room for gradual growth. Possible scenarios:
1. Short-term volatility – the crypto market may fluctuate in response to traditional market reactions.
2. Strengthening of Bitcoin positions – $BTC remains a safe asset in times of uncertainty.
3. Growing interest in altcoins – if macroeconomic stability continues, attention may shift to altcoins.
4. Delayed growth – a future rate cut could trigger a full growth cycle.
Overall, the market received a neutral signal – there were no serious shocks, but crypto investors should continue to monitor the actions of regulators and macroeconomic trends.
