#PowellRemarks
The latest remarks by Fed Chair Jerome Powell have sent waves across markets โ including crypto:
๐ฃ What Powell Said
He emphasized a cautious ("hawkish pause") stance, keeping interest rates at 4.25โ4.50% and warning about persistent inflation and tradeโtariff risks. The Fed now expects two rate cuts later in 2025, but rate cuts arenโt coming soon.
๐ Market Impact
Crypto: Bitcoin dipped slightly after his warning on inflation, staying above $104K amid wider investor caution.
Stocks & Bonds: Yields climbed, and the stock market pulled back following his remarks.
๐ Key Watchpoints
Inflation & Tariffs: Powell is monitoring global uncertainties, including tariffs and geopolitical risks, before shifting policy.
Rate Cut Timeline: The marketโs odds for a July rate cut have dropped close to zero โ cuts are likely delayed to September, per recent projections.
๐ How Traders Can Use This
For Crypto Traders:
Use tight stops around key support levels (e.g. $100Kโ$104K for BTC) to manage risk.
For Risk-on Trades:
Prepare for choppy conditions โ volatility may spike around Fedspeak and CPI/PPI releases.
For Longer-Term Bulls:
Rate cuts are still expected later this year. A stronger economic backdrop could reignite crypto and equities.
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Q for the Feed:
Do you think Powellโs hawkish tone slows the bull run, or is crypto simply eyeing a pullback before a bigger breakout? ๐