The latest FOMC of the Federal Reserve meeting put a clear spotlight on Jerome Powell hawkish tone, and it’s already shaping market sentiment across crypto assets. In the first few minutes of his remarks, Powell’s comments set the stage for how we should evaluate the implications for crypto.

The FOMC decision was expected to trim rates by 25 basis points, which happened, combined with reminders that inflation is still “somewhat elevated,” which reflects a cautious shift.

In support of our goals, and in light of the balance of risks to employment and inflation, today the Federal Open Market Committee decided to lower our policy interest rate by 1/4 percentage point.”

Even so, Bitcoin and Ethereum reacted early with strong pre-meeting pumps, just how sensitive our markets remain to policy expectations.

But, throughout his remarks, Powell’s insistence on balance between employment risks and inflation pressures, which colored the entire narrative. Now, what’s next?

#BinanceBlockchainWeek #WriteToEarnUpgrade #USJobsData #PowellSpeech