Fed’s Powell Takes the Mic—Will Bitcoin Bulls Get a Green Light?
All eyes on Jerome Powell as the Federal Reserve meeting kicks off. Market hawks are dissecting every syllable—will his tone hint at rate cuts or double down on inflation fears?
Crypto traders are coiled like springs. A dovish whisper could send Bitcoin soaring past resistance levels, while hawkish rhetoric might trigger another ’macro headwind’ tantrum (Wall Street’s favorite excuse for poor risk management).
One thing’s certain: the Fed’s archaic playbook looks increasingly irrelevant in a world where BTC liquidity moves faster than their printed dollars can depreciate.
Trade war and inflation concerns
Despite stronger-than-expected job growth and rising consumer prices, the Fed is unlikely to move rates, resisting pressure from President Trump, who publicly called for rate cuts to offset what he described as nonexistent inflation.
The Fed, which operates independently from the White House, faces complications from new tariffs that could further fuel inflation.
Economists warn that trade tensions may continue to drive up prices, particularly affecting lower-income Americans.
Consumers are already feeling the strain of high borrowing costs and inflation on their daily expenses.
Markets currently anticipate the Fed will begin cutting rates in July, potentially followed by two or three additional cuts by year-end.
If rates are lowered, consumers could see relief through reduced interest rates on loans and credit, improving access to cheaper borrowing.