๐จ BREAKING: Powellโs FOMC Speech Decoded โ What He Really Said & What Comes Next ๐๐
As expected, Powell struck a hawkish-neutral tone. Thatโs exactly why the headline about rate cuts matters less now โ the tone is everything. And todayโs tone was unmistakable: no urgency to cut, no rush to ease, and no commitments. Inflation is easing, but not enough for the Fed to feel comfortable.
The core message is simple: the Fed wants more evidence. Until inflation and labor data show clear, sustained weakness, policy will remain tight in practice โ even if rates stay unchanged. That effectively pushes back the easy-money story markets keep betting on.
Powell also repeatedly stressed that decisions are data-driven and mandate-focused. No politics. No personalities. Read between the lines, and itโs clear: the Fed isnโt bending just because markets โ or anyone else โ want quicker cuts.
๐ Whatโs next? Expect a slow, choppy road. Strong data can lift risk assets temporarily; weak data can knock them down just as fast. Thereโs no clean trend yet.
For $BTC, this signals near-term consolidation, not a clean breakout. The $84kโ$85k zone is now in play, while meaningful upside will need macro confirmation โ not just optimism.
Bottom line: no free-money phase, no rapid pivot, and no straight-line rally. Stay sharp.
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