$BTC The reactions of cryptocurrencies to Powell's statements on the Federal Open Market Committee
Jerome Powell just spoke, and cryptocurrency traders are following his remarks closely. Here’s a summary of what he said:
Inflation remains high, but progress has been made outside of tariffs.
The labor market is experiencing a gradual slowdown - artificial intelligence plays a role, but it is not the main role.
GDP forecasts for 2026 have been revised upward - with strong consumer spending and investments in artificial intelligence being key driving factors.
Interest rates are within a neutral range, and the Federal Reserve will make decisions meeting by meeting.
Treasury bond purchases may remain high to ease market pressure.
Tariffs may lead to a one-time sudden increase in prices, but the core inflation rate is around 2%.
Bitcoin, Ethereum, and altcoins may experience moderate volatility. Looser trends may drive Bitcoin up, while neutral signals may slow momentum.
Stay alert - Powell's words, not just the numbers, will guide the market tonight.
