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Crypto Daybook Americas: Powell’s Fed Commentary Sets Market Tone Amid Asian Trade Focus
Crypto Daybook Americas: Powell’s Fed Commentary Sets Market Tone Amid Asian Trade Focus
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Federal Reserve Chair Jerome Powell takes center stage as the FOMC convenes, with markets pricing a 97.6% probability of unchanged rates according to CME’s FedWatch tool. The real volatility catalyst lies in Powell’s forward guidance, particularly given Polymarket traders assign just a 1.7% chance of policy shifts.
Bankinter’s research team cautions against premature risk-on positioning, noting concerning declines in Chinese container volumes at U.S. ports. "Powell will likely maintain frosty rhetoric on both rate cuts and inflation progress," the Spanish bank warned, suggesting crypto markets may face headwinds from hawkish monetary signals.
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