Crypto Prices: What To Expect from US FOMC & Powell’s Speech?
The post Crypto Prices: What To Expect from US FOMC & Powell’s Speech? appeared on BitcoinEthereumNews.com.
The crypto market is eager to see the impact of the upcoming interest rate decision by the United States Federal Reserve Open Market Committee (FOMC) on crypto prices. Industry stakeholders are also anticipating the market trends from the Federal Reserve Chairman Jerome Powell’s speech after the policy meeting. Economists argue that the Fed has a good reason to pause interest rates, despite President Donald Trump’s unpredictable tariff campaign threatening to drive up prices. Will the Fed Slash Interest Rate this Week? Jerome Powell is under extreme political pressure to speed up the timetable for any interest rate cuts this year. President Trump continues to hammer Powell publicly for not easing policy sooner. Commenting on the matter, Nick Timiraos, Chief Economics Correspondent at The Wall Street Journal, said the Fed may cut rates this week. Image Source: Nick Timiraos on X He cited lower inflation as a reason for the central bank to cut. However, he noted that the uncertainty of tariffs poses a significant challenge. Powell and many of his fellow policymakers have expressed concerns about the risks of higher prices from Trump’s tariffs. Some analysts noted that Powell stressed that the bar for cutting rates remains high in his previous speeches. The Federal Reserve Chairman could argue that inflation is still above the Fed’s 2% target, and the job market is consistent with full employment. Therefore, the job market is not giving Powell and the Fed many reasons to consider a cut this week. However, if unemployment spikes, the Fed could be forced to implement interest rate cuts earlier than anticipated. Investors are betting they won’t see that first cut until September at the earliest. Crypto Market Cap Outpaces Transaction Volume Meanwhile, CryptoQuant analyst Darkfost pointed out a paradox between crypto market capitalization and transaction volume. The analyst released…
Filed under: News - @ June 18, 2025 2:25 pm