[Fed Chairman Powell's latest speech, will the cryptocurrency market usher in a new trend? ]
Today, Fed Chairman Powell delivered a speech, bringing a series of new signals to the cryptocurrency market! He mentioned that the current economic situation has laid a solid foundation for further decline in inflation, which means that the economy is steadily moving towards a more stable track. For the cryptocurrency market,
This is undoubtedly good news (more benefits)
Because economic stability is the prerequisite for the healthy development of the cryptocurrency market.
Powell also revealed that the Fed's policy will gradually return to a neutral position, and there is no established policy route, and decisions will be made meeting by meeting. Although this statement has increased policy uncertainty, it has also left more room for imagination in the market. For the cryptocurrency market, flexible adjustments to policies may bring more opportunities and challenges.
At the same time, Powell emphasized that the balance between inflation and employment goals is crucial. He pointed out that the labor market has cooled but remains solid, and achieving a 2% inflation rate does not require the job market to cool further. This means that while the economy remains stable, the cryptocurrency market is also expected to usher in a more relaxed policy environment.
On the whole, Powell's speech has brought a new vane to the cryptocurrency market. Although policy uncertainty still exists, economic stability and a good job market provide strong support for the cryptocurrency market. Investors should pay close attention to the future policy direction of the Federal Reserve and changes in economic data to seize market opportunities.
