Federal Reserve Chair Powell Speaks — Markets React!* 💥 In his Oct 14th address at the *National Association for Business Economics*, Jerome Powell delivered a cautious yet impactful message:
📊 *“The U.S. economy is on firmer footing… but the labour market remains weak.”*
🔍 Key Highlights: - *Hiring & firing* are near historic lows — signaling business caution and uneven growth. - *Inflation is slowing*, but still *above the 2% target*. - Powell hinted that the Fed's *balance-sheet reduction (QT)* may soon pause due to tightening liquidity. - He made it clear: *“There is no risk-free path.”* The Fed will now move *carefully*, meeting by meeting, with data guiding rate decisions.
💡 The Dilemma: ➡ Cut rates too soon = Risk inflation comeback ➡ Wait too long = Deeper slowdown
📉 Markets took his tone as slightly *dovish*, pricing in a possible small rate cut this quarter. But make no mistake — Powell isn’t surrendering. He's focused on *stability over speed*.
🔔 *What does this mean for crypto & investors?* $BTC $ETH