Powell’s Testimony This Week May Shift Fed Outlook, Impact Crypto

Powell will testify before Congress on June 25–26 amid rising global risks and inflation concerns. Markets await his stance on possible rate cuts, especially after Waller’s July hint. Bitcoin and crypto markets could react strongly to any dovish Fed signals this week. U.S. Federal Reserve Chair Jerome Powell will deliver his semiannual testimony to Congress on Tuesday and Wednesday, June 25–26, this week, an event closely watched by the crypto market for signals on the timing of interest rate cuts. Powell’s testimony will be scrutinized for any shift in the central bank’s stance, particularly as geopolitical tensions and U.S. tariff policies create new risks for the economy. Crypto markets, which have seen a recent pullback, are highly sensitive to the Fed’s outlook. Markets Watch for Policy Shift Signals Powell’s appearance follows recent comments from Fed Governor Christopher Waller, who said a July rate cut may be possible if inflation continues to fall. Traders now await Powell’s tone for further confirmation. The Federal Reserve has held its benchmark rate at 5.25%–5.50% since July 2023. Last week, officials projected only one rate… The post Powell’s Testimony This Week May Shift Fed Outlook, Impact Crypto appeared first on Coin Edition .

Source: Coin Edition