With No Rate Surprise Expected, All Eyes on Powell’s Remarks
The post With No Rate Surprise Expected, All Eyes on Powell’s Remarks appeared on BitcoinEthereumNews.com.
As the US Federal Reserve’s FOMC meeting wraps today, the financial markets are on high alert. The crypto community is eagerly awaiting Chair Jerome Powell’s crucial decision on interest rates, anticipating a potential impact on the market. With a 98% probability of interest rates remaining unchanged, experts anticipate high volatility as the markets have already factored in the rate aspect. However, uncertainty shrouds the Fed Chair’s remarks, as the community struggles to foresee its stance, with conflicting economic indicators and Trump’s tariff uncertainties. In addition, recent rumors regarding Trump’s possible firing of Powell ahead of his retirement have also fueled complexity to the matter. Will the Federal Reserve’s decision and Powell’s speech spark a correction or trigger a sell-off in the crypto market? Let’s dive into the details. What to Expect from Today’s FOMC Meeting? As the crypto market anxiously awaits Fed Chair Jerome Powell’s pivotal speech at today’s FOMC meeting, Polymarket’s odds suggest a growing likelihood of interest rates holding steady. This leaves experts and analysts scrambling to interpret the potential implications of Powell’s stance on the crypto market. For instance, market expert Daan Crypto Trades reveals that the Fed is most likely to hold the interest rates unchanged at 4.25% to 4.5%. However, highlighting the uncertainty surrounding the decision, he added that the crypto market is eagerly watching for the Fed Chair’s tone for any shifts towards a more dovish or hawkish stance. Why Does Fed Chair Powell’s Tone Matter? If Powell adopts a dovish stance, he would prefer a more accommodative monetary policy, lowering interest rates, leading to a positive impact on the crypto market. On the other hand, Powell’s hawkish stance could indicate a restrictive monetary policy ahead and heightened interest rates, possibly triggering a crypto market correction. Given the Fed’s recent mixed signals, investors are eager…
