FOMC D-Day: Powell’s Speech Could Rock Markets—Or Put Everyone to Sleep

All eyes on Jerome Powell as the Fed chair takes the podium today. Will he hint at rate cuts or double down on ’higher for longer’? Traders are glued to their Bloomberg terminals, caffeine levels critical.

The usual script: A masterclass in saying nothing while moving markets. Watch for the classic Powell pivot—dovish tones wrapped in hawkish jargon. Bonus points if he name-checks ’data dependence’ while ignoring actual economic data.

Meanwhile, crypto traders are placing bets on how many times ’transitory’ gets mentioned. Spoiler: Zero—they retired that verbal landmine after last year’s inflation debacle.

Pro tip: The real action starts when some analyst inevitably misinterprets a comma in the statement, triggering algorithmic panic. Ah, modern finance—where nuance goes to die.

The U.S. Federal Reserve has kicked off its two-day FOMC meeting today, and while markets expect no immediate rate change, the real catalyst for Bitcoin and crypto could be Jerome Powell’s speech.There’s a 99% probability that the Fed will hold interest rates steady between

Crypto Market on Edge 

Bitcoin is trading in a tight range between, as crypto markets stay cautious ahead of Powell’s speech. The decision might be priced in, but Powell’swill likely decide whether crypto rallies or dumps.

Markets are increasingly uneasy due to, which are inflaming inflation fears and slowing down growth expectations. This points to a— where economic growth slows, but inflation stays high.

In such a scenario, the Fed faces a tough choice:

• Hold rates and risk a further economic slowdown
  
• Start cutting and risk reigniting inflation

Either move has its risks, which is why.

FOMC Expectations

While Powell publicly maintains a hawkish stance, the Fed’s recent actions tell a different story:

• Quantitative tightening has slowed
  
• Treasury repurchases have quietly begun
  
• Balance sheet reduction is happening at a softer pace
  

These arethat the Fed is laying the groundwork for easing — even if it hasn’t said so officially.

And for Bitcoin,.

What Next For Crypto Market?

• If Powell sounds dovish, expect a breakout above $97K and renewed crypto momentum.
  
• If he stays hawkish, markets may retest support near $92K.
  

The crypto market is laser-focused on the, and Powell’s tone could set the trend for the rest of Q2.