Powell's press conference is over. All important statements by the Fed and him personally were collected in previous posts. Additional points for the ending:
- Nobody considers raising rates as a base scenario.
- Now we have the opportunity to carefully approach the issue of reducing rates.
- I cannot announce the date of the Fed rate cut.
- The US Federal Reserve does not have a plan to wait until something breaks in the US economy and then try to “fix” it.
The key impression from the reaction of the#BTCprice to the US Federal Reserve's decision on the interest rate (pause) and Powell's statements is that the pause is not enough. Markets expect more. If not a reduction in interest rates, then at least the most dovish rhetoric.
With the end of the press conference, the#BTCrate rose to $68,530. Breaking through $69,000. Which, by the way, is important not only as a global volumetric level and a psychological level. But also as today’s Fibonacci level of 0.5 remains on positive consumer inflation data.
Tomorrow is the release of US manufacturing inflation data for May (a leading indicator of consumer inflation for June). But significant movements may well continue today - we are waiting for “aftershocks” with the publication of media headlines like #Bloomberg.
