#PowellRemarks shakes the market again. What did the Fed Chair say?
In his latest public statements, Jerome Powell, the Chair of the Federal Reserve, indicated that inflation is still above the target despite some relative slowdown. This statement sent a clear message that interest rates will remain high 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 with new liquidity entering the market.
Powell confirmed that the Fed will continue to rely on data and that any rate cut is contingent upon a clear and sustained decrease in inflation. These signals drive investors towards caution and stimulate hedging through stablecoins or digital gold like Bitcoin.
The smart trader is now monitoring upcoming economic data such as consumer price indexes and employment figures, as they will determine the market's next direction in light of Powell's statements.
The opportunity lies in smart analysis and quick reactions to market variables.