Powell Remarks Impacting Markets 🔍
Fed Chair Jerome Powell's latest remarks have stirred the crypto and traditional markets once again. In his recent speech, Powell reaffirmed the Federal Reserve's data-driven approach to interest rate decisions, stating that "more good data would strengthen our confidence that inflation is moving sustainably toward 2%." 🇺🇸📉
While he acknowledged progress in cooling inflation, Powell emphasized the need for continued vigilance, hinting that rate cuts aren’t guaranteed in the short term. This cautious tone caused volatility across risk assets, including Bitcoin and altcoins, as traders adjust expectations around U.S. monetary policy.
💬 What does this mean for crypto?
A hawkish Fed may delay market rallies.
A dovish pivot could reignite momentum in BTC and ETH.
Watch the upcoming CPI and jobs data closely! 📊
Stay sharp, traders! 🧠💹
