Preview: Powell to Deliver Speech Tonight, May Influence Rate Cut Pace and Monetary Policy Expectations
Jinse Finance reported that tonight at 00:20 (GMT+8) on Wednesday, Federal Reserve Chairman Jerome Powell will deliver a speech at an event hosted by the National Association for Business Economics, with the theme "Economic Outlook and Monetary Policy." Powell's remarks may influence market expectations regarding the pace of interest rate cuts and overall monetary policy, thereby determining whether the current downward trend in the cryptocurrency market will deepen or stabilize. Blockchain data company Santiment previously pointed out that last Friday's sell-off was not solely driven by tariff news. Retail traders quickly attributed the plunge to tariff tensions, but deeper structural issues are accumulating, including excessive leverage and extreme concentration of long positions. Investors are closely watching whether Powell will provide clues about the timing and magnitude of rate cuts tonight. Currently, the market generally expects the Federal Reserve to cut rates by 25 basis points each in October and December, with probabilities reflected in the futures market as high as 97% and 89%, respectively. The speech is expected to clarify the Fed's views on inflation, growth, and the impact of tariffs, and Powell's tone will determine whether market confidence recovers or declines further.
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