Jerome Powell's press conference following the US Federal Reserve meeting is over.
In addition to what has already been said, he added that “the Fed will not regulate monetary policy based on the plans of the future US president.”
TOTAL: words about the likelihood of a rate cut in September have been made. As well as the fact that in general it’s time to reduce. However, all this was said with as many caveats and “buts” as you can think of.
The stock market reacted more positively to all this than #BTC. But in the end, both the S&P 500 and#BTCend lower than they started before the interest rate decision was announced. The BTC rate generally went below $66,000. Making it clear that working out our forecast with a correction to the EMA of the 50-day TF is valid.
BUT in general, Powell’s statements and the Fed’s attitude are positive for the market. Let's see what emphasis will be placed on the headlines of articles on #Bloomberg. Objectively, there is definitely more positivity in everything that has been said.
