• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Powell’s Assurances Ignite Hope for Cryptocurrencies: Analysis of Latest Statements

user avatar

by Giorgi Kostiuk

10 months ago


  1. Key Messages from Powell
  2. Impact on Cryptocurrencies
  3. Inflation and Labor Market Outlook

  4. Recent statements from Fed Chair Jerome Powell had a noteworthy impact on the cryptocurrency market. In his speech, he addressed key aspects of the U.S. economy, including inflation and the labor market.

    Key Messages from Powell

    Powell's speech began with a mention of the 50-basis-point interest rate cut, which surpassed many analysts' expectations. This measure marks the beginning of a monetary easing period, observed for the third time in a decade. His key points include:

    - The economy remains generally strong. - The labor market, previously overheated, has begun to cool. - Today's decision reflects growing confidence in preserving the strength of the labor market. - Consumer spending continues to show resilience. - The Fed can maintain the strength of the labor force through policy adjustments. - GDP growth is expected to remain strong. - The labor market is not the source of high inflationary pressures. - Inflation has significantly decreased but remains above our target. - Long-term inflation expectations appear well anchored.

    Impact on Cryptocurrencies

    Powell's statements caused fluctuations in the cryptocurrency market. Many investors reacted positively to his remarks about declining inflation and strengthening the economy. This instills hope for possible regulatory easing, which may positively impact cryptocurrency values.

    Inflation and Labor Market Outlook

    Powell also noted that although inflation has decreased, it remains above the Fed's target level. However, he expressed confidence that current monetary easing measures will help achieve the desired 2% inflation rate. The labor market, according to him, continues to cool, which also contributes to reducing inflationary pressure.

    Fed Chair Jerome Powell's statements had a significant impact on sentiments within the cryptocurrency community. The interest rate cuts and confidence in the continued strengthening of the U.S. economy generate hope for positive developments in the cryptocurrency market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Bullish, the Crypto Exchange Backed by Peter Thiel, Prepares for IPO

chest

Bullish has filed for IPO, seeking to enter the public market and compete with major players.

user avatarGiorgi Kostiuk

USDC Use on Stellar and Its Impact on XLM Value

chest

Statistics show a rise in USDC transactions on Stellar, indicating growing utility that fuels speculation on XLM prices.

user avatarGiorgi Kostiuk

Litecoin Records New Open Interest at $761 Million. Is LTC Heading to $120?

chest

Litecoin has reached a new record open interest of $761 million, and 66.3% of addresses are in profit, raising hopes for a price increase to $120.

user avatarGiorgi Kostiuk

World Liberty Announces WLFI Token Launch Valued at $16 Billion

chest

WLFI token by World Liberty plans to debut with a $16 billion valuation, with significant backing from DT Marks DEFI LLC.

user avatarGiorgi Kostiuk

Impact of GENIUS Act: Trump Establishes Federal Stablecoin Guidelines

chest

President Trump has signed the GENIUS Act, establishing federal regulations for stablecoins and impacting the U.S. crypto landscape.

user avatarGiorgi Kostiuk

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.