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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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In the early morning monetary policy meeting, Powell's attitude was tough, stating that inflation is most likely due to tariffs. If tariffs do not materialize, the Fed will not consider cutting interest rates for the time being.
It also caused the market to pull back due to emotional sentiment, but it was quickly brought back up again.
The market's confidence in the future mainly comes from Trump. Next, we will see how Trump responds, as he is eager to lower interest rates. After Powell's remarks, the coming days are likely to be tough. Will he continue to apply pressure to force a rate cut, or will the issue of changing personnel be put on the agenda?
The outcome of these matters will greatly influence the future market direction, and it is likely to be a volatile market until there are results.
Wait for news in August. Before the news comes out, Bitcoin and Ethereum are still in a volatile market; just buy on the dips.
#BTC # ETH