After catching the speech from the new Fed chair, whoa,
Honestly, it was a bit sketchy. A lot of folks are saying he's hawkish, but I see him as somewhat dovish. First off, he said the economy is strong, then when someone asked about the candlestick chart, he mentioned that many officials are penciling in rate hikes, but he said a lot of them are using a pencil, meaning they can adjust at any moment.
He also said that the upcoming meetings will be 15-20 minutes, which means the old Powell loved to drag it out, but he seems to be more decisive, even though right now there's no rate hike or cut.
I expect if inflation data improves a bit, he might lower the rates.
$BTC
$NVDAB
#Fed4thConsecutiveRateHold
Honestly, it was a bit sketchy. A lot of folks are saying he's hawkish, but I see him as somewhat dovish. First off, he said the economy is strong, then when someone asked about the candlestick chart, he mentioned that many officials are penciling in rate hikes, but he said a lot of them are using a pencil, meaning they can adjust at any moment.
He also said that the upcoming meetings will be 15-20 minutes, which means the old Powell loved to drag it out, but he seems to be more decisive, even though right now there's no rate hike or cut.
I expect if inflation data improves a bit, he might lower the rates.
$BTC
$NVDAB
#Fed4thConsecutiveRateHold