#PowellRemark
The Federal Reserve?
$BTC
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In his latest public statements, Jerome Powell, the Chairman of the Federal Reserve, indicated that inflation remains above the target despite some relative slowdown. This statement sent a clear message that interest rates will remain elevated longer than expected, leading to strong fluctuations in cryptocurrency and stock markets.
The markets reacted immediately, with the DXY dollar index rising, while currencies like BTCUSDT experienced temporary selling pressure before recovering with the influx of new liquidity.
Powell confirmed that the Federal Reserve will continue to rely on data and that any interest rate cuts are contingent upon a clear and sustained decrease in inflation. These signals prompt investors to exercise caution and encourage hedging through stablecoins or digital gold like Bitcoin.
The smart trader is now monitoring upcoming economic data such as consumer price indices and employment figures, as they will determine the next market direction in light of Powell's statements.
The opportunity lies in smart analysis and quick reactions to market changes.
