Rajim Shekh S
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⚡ $BTC and Crypto React to Powell's FOMC Remarks. Jerome Powell spoke, and cryptocurrency traders are paying notice. Here is the gist: Inflation remains high, although progress has been done outside of tariffs. The labour market is slowly cooling, with AI playing a part, but not the primary one. GDP 2026 forecast revised upward; robust consumer spending and AI investments are important drivers. Rates are in a neutral range, and the Fed will make choices meeting by meeting. Treasury purchases may remain high to alleviate market pressure. Tariffs could cause a one-time price increase, but underlying inflation is under 2%. BTC, ETH, and altcoins may experience moderate volatility. Dovish tones could propel Bitcoin higher, while neutral tones could impede movement. Stay alert: Powell's remarks, not just the figures, will move the market tonight.
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