Fed Chairman Powell started his speech at the time this article was written, following the announcement of the interest decision. Before this speech, the Fed announced its decision on interest rates, stating that it would keep the rate steady at 5.50%, which is of particular interest to investors in volatile assets like Bitcoin.
Powell Takes the Podium
As of the time this article was written, Fed Chairman Jerome Powell is addressing issues that could significantly influence global financial markets in the coming period, following his 9:00 PM statement. The topics discussed play a major role in guiding market investors for the remainder of 2024.
According to the 9:00 PM announcement, a decision was made to keep interest rates steady, and according to FedWatch data, it is expected that the interest will remain steady again in June 2024. Powell’s forthcoming remarks are anticipated to shed light on potential rate cuts and other macroeconomic developments during this period.
