๐ฆ Rate Cuts on the Table? Powell Holds the Key
All eyes are on todayโs Fed announcement (2PM ET). While a rate hold is expected, the real question is: Will Powell hint at a September cut?
Fed governors like Waller & Bowman are undecided โ and may even vote โnoโ on rate cuts despite past support.
But pressure is mounting from the top โ even Trump weighed in, claiming every 1% rate cut = $360B in national savings.
๐ The potential impact?
Lower rates = Cheaper capital
Higher risk appetite = Crypto inflows
Possible leg up for BTC, ETH, and alts ๐ฅ
๐ Until Powell speaks, expect the market to remain in โwatch mode.โ
๐ฃ๏ธ TL;DR:
Markets are chilling but far from panicking. The real action depends on macro clarity โ and today, that means Jerome Powell.
Will crypto bulls get the green light? Or is more waiting ahead? ๐
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