#PowellRemarks

In his latest statements, U.S. Federal Reserve Chairman Jerome Powell confirmed that interest rates will remain high as long as the need persists to combat inflation. He stated clearly: "We will not rush to cut rates before seeing strong evidence of inflation declining towards 2%."

This statement increased caution in the markets, especially in the cryptocurrency market, which heavily relies on liquidity availability.

# Market Impact:

📉 Decline in cryptocurrency prices

📈 Increase in bond yields

💸 Decrease in demand for high-risk assets