Powell’s Uncertain Rate Cut Signals Market Volatility, Impacting Crypto

Federal Reserve Chair Jerome Powell has cast doubt on a December rate cut, impacting market expectations and generating volatility across global financial markets. While the Federal Open Market Committee (FOMC) is grappling with internal disagreements regarding future monetary policy, the uncertainty surrounding this decision has significantly affected asset prices. Powell’s statement underscores a possible shift in the central bank’s approach to easing economic pressures and potentially impacting market dynamics like cryptocurrencies.