🔥J. POWELL & FOMC…😱

#fed Still on track to cut rates in June and two other takeaways from Powell's press conference

Federal Reserve Chairman Jerome Powell's Wednesday press conference lasted longer than the typical 45 minutes, suggesting he had some things he wanted to communicate.

On the surface, it was a tentative meeting. The Federal Reserve held its interest rate steady in a range of 5.25%-5.5% and made no major changes to its policy statement. The committee also maintained its forecast for three rate cuts this year.

However, several important messages from the press conference emerged beneath the surface. These are the main conclusions that economists drew regarding Powell's comments:

👉 First rate cut likely to come in June

👉 Slower pace of rate cuts likely

In conclusion, it is important to emphasize the importance of the Federal Open Market Committee (FOMC) meeting and Federal Reserve Chairman Jerome Powell's comment on risk assets. While the outcome of the #fomc meeting can be anticipated, Powell's words may have a significant impact on market volatility and investor sentiment. Investors should pay close attention to Powell's comments as they could provide insight into the Federal Reserve's future monetary policy decisions and possible market reactions. It is critical that investors stay informed and make well-informed decisions based on #Powell 's comments and their implications for risk assets.

We will be very attentive to the price of #bitcoin and the market of #Criptomonedas

CryptoGems Team