$BNB Today, there are very important data releases on the US side. Both the PMI precursor data and the #Fed interest rate decision will cause significant volatility in the market. Especially,#xauusd and #nasdaq sides will show strong movements.

"At 21:00 today, the FED interest rate decision will be announced. Expectations are that the FED will keep the interest rate unchanged, which is also my view.

The part that concerns us is the statements Powell will make at 21:30.

Why?

Markets are now pricing in the FED's interest rate cuts based on the date. The current expectation is that the FED will cut rates only once by the end of the year (in December).

Powell's speech is therefore important because if his remarks lead to earlier rate cuts and more than one cut, it would be favorable for #BTC $ETH