#PowellRemarks
The market shakes again, what did the Fed Chair say?
$BTC
BTCUSDT
Perpetual
104,722.3
+0.44%
In his latest public statements, Jerome Powell, the Chair 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 for 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 as new liquidity entered.
Powell confirmed that the Fed will continue to rely on data, and any rate cuts are contingent on a clear and sustainable decline in inflation. These signals push investors towards caution and stimulate hedging through stablecoins or digital gold like Bitcoin.
The smart trader is now watching upcoming economic data such as consumer price indices and employment figures, as they will determine the upcoming market direction in light of Powell's statements.
The opportunity lies in smart analysis and quick reactions to market changes.