Attention to all individuals interested in cryptocurrency! Brace yourselves for an exhilarating journey as the market encounters fluctuations. However, there is no need to worry, as a glimmer of optimism awaits us tomorrow. The spotlight will be on Jerome Powell, the Chairman of the US Federal Reserve, following the FED's decision on interest rates.🚀
Powell's statement is eagerly awaited by many. Analysts predict a tone that is cautiously positive, suggesting that more time is required before any policy adjustments are made. There is a strong belief that a rate cut may be on the horizon, indicating a move towards a more cautious stance until the Federal Reserve has a better understanding of the inflation situation
Bank of America experts anticipate a slowdown in quantitative tightening, as the US Treasury is likely to decrease its monthly redemption limit. Powell is pleased with the current rate outlook, but there may be challenges in market regulation. Stay alert! If Powell's comments are positive, we might see a recovery in the crypto market. Keep an eye out for updates and get ready for an eventful ride! 🌟
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