Fed-Trump Meeting Overshadows Crypto Market’s Rate Cut Disappointment

Federal Reserve Chairman Jerome Powell’s White House meeting with former President Donald Trump has diverted attention from cryptocurrency investors’ frustration over stagnant interest rates. The Fed’s unwavering stance dashed hopes for an altcoin rally, leaving digital asset markets in limbo.

Trade policy developments added complexity to the economic landscape, with frozen tariffs following a federal court ruling. Powell’s discussion with TRUMP notably avoided monetary policy specifics, focusing instead on broader economic indicators like employment and inflation.

Market participants now await Friday’s PCE data, expected to show 2.2% inflation - perilously close to the Fed’s target threshold. The central bank maintains its readiness to deploy rate tools should economic conditions deteriorate sharply.