⚡ $BTC & Crypto React to Powell’s FOMC Remarks
Jerome Powell has spoken, and the crypto market is taking note.
Here's a summary of the key takeaways from his recent FOMC remarks:
Inflation shows progress, though it remains elevated. The Fed acknowledges advancements, particularly in areas outside of tariff impacts.
The labor market is experiencing a slow cooling. While AI is a factor, it's not the primary driver of this trend.
The outlook for GDP in 2026 has been revised upwards. This optimism is fueled by robust consumer spending and significant investments in AI technologies.
Interest rates are considered to be in a neutral range. Future Fed decisions will be made on a meeting-by-meeting basis.
Treasury purchases might remain elevated to help alleviate market pressures. Tariffs could cause a temporary price spike, but underlying inflation is nearing the Fed's 2% target.
📈 Moderate swings are anticipated for Bitcoin, Ethereum, and various altcoins. Dovish commentary could lead to upward price movements for Bitcoin, while neutral signals might dampen momentum.
Stay vigilant as Powell's commentary, beyond just the data, will be crucial in guiding market sentiment tonight.
