#PowellRemarks
In the latest statements from Federal Reserve Chairman Jerome Powell, inflation remains high and its rate is far from the target, and the time for a rate cut has not yet come.
This statement led to an immediate reaction in the stock market as well as the cryptocurrency market, where the market witnessed:
1_ Investors resorting to stablecoins that represent stability and steadiness.
2_ The cryptocurrency market experienced selling pressure that led to a decrease in the prices of some cryptocurrencies.
3_ Investors turning to strong and backed currencies.
There is great hope that the next meeting will yield decisions with a positive impact on the cryptocurrency market and others.