Powell's speech last night was a bit "hidden", and he almost confirmed the possibility of a rate cut this year. In short, it is likely to be reduced by 50 basis points in September, and the rising unemployment rate is the key factor. However, if the unemployment rate miraculously stabilizes at around 4.3%, the Fed may only symbolically reduce it by 25 basis points.
As soon as the speech ended, Bitcoin, Ethereum and altcoins immediately rose, and the market was jubilant. But don't take it lightly, Powell's next move may bring greater fluctuations, so everyone should pay close attention!
