What J. Powell (Chairman of the Fed) told us about

The rate was left unchanged, as expected, you were spoken to in a video on Monday.

In general, his rhetoric boiled down to another rate hike. This is also indicated in the Dot Plot document that the Fed releases with the rate. In addition, Dot Plot increased the forecast for inflation next year from 4.6% to 5.1%. Which is much more than the target of 2%, so it is likely that the target will also be raised (up to 4).

And for you and me globally, this is good news, as the markets are already betting on the possibility of a 0.25% price increase. Previously, the market expected a rate hike in December, but now I predict that they will revise it to November.

Because the risk of rising inflation due to rising oil prices was also mentioned by Powell, there is no way without it. And you and I already knew this before (in the video about oil!)

However, in general, the language was quite soft, consistent and, apparently, prepares the ground for the end of a long cycle of rate hikes.

Usually - this coincides with the growth of markets. Watch the video at the link here. I drew some analogies with the past.

P.S. I continue to believe that autumn and winter will be hot for the cryptocurrency market