Markets Brace for Powell’s Speech as Consumer Weakness and Inflation Resurface

Mixed economic signals are emerging today, with the UK economy showing no growth in March while US consumer spending remains sluggish. The upcoming speech by Federal Reserve Chair Jerome Powell will likely shape market direction, especially for traditional and crypto markets. Analysts say that a dovish tone from Powell could signal a pause in interest rate hikes, potentially leading to bullish effects on stock and cryptocurrency markets. Conversely, hawkish rhetoric suggesting continued price control efforts may result in bearish impacts, particularly in the technology sector.