Fed Rate Uncertainty Grips Market Amid Powell’s Silence on Economic Outlook

Bitcoin saw a brief surge above $104,000 following Chairman Jerome Powell’s speech without concrete economic statements. While most anticipate no immediate rate changes at the June Fed meeting, traders remain divided on potential future cuts. President Trump’s continued push for lower interest rates and his proposed tariffs are complicating market expectations. Powell’s silence has left markets uncertain, yet Bitcoin showed a positive response. The crypto market anticipates more volatility in the coming weeks as investors closely watch for any shifts in monetary policy.