Powell Speaks Out Against Inflation Policies: What it Means for Crypto
Main Idea
Jerome Powell clarified the Federal Reserve's stance on inflation, emphasizing that tariffs are inflationary, while recent PCE data showed a slight rise above expectations.
Key Points
1. Jerome Powell articulated the Federal Reserve's position on inflation, noting that tariffs contribute to inflation.
2. The U.S. Core PCE increased by 2.8%, slightly above the expected 2.7%, and the overall PCE rose to 2.6%, exceeding the anticipated 2.5%.
3. The Federal Reserve is adopting a wait-and-see approach, refraining from immediate rate hikes despite the inflation data.
4. Encouraging earnings reports from major tech companies like Microsoft and META may help stabilize the stock market.
Description
Powell criticized Trump's inflationary policies, advocating Fed independence. U.S. Continue Reading: Powell Speaks Out Against Inflation Policies: What it Means for Crypto The post Powell Speaks Out Against Inflation Policies: What it Means for Crypto appeared first on COINTURK NEWS .
Latest News
- Crypto Trading Volumes Surge to 5-Month Highs2025-08-01 10:56:21
- PancakeSwap Dominates with Record Trading Volume: BNB Chain on the Rise2025-08-01 09:50:50
- Bitcoin Surprises with Historic Highs: Will It Maintain Momentum?2025-08-01 09:25:59
- Ethereum ETFs Catch A Record-Breaking Wave2025-08-01 08:45:54
- Crypto Market Faces Drastic Sell-Off, Sending Shockwaves Worldwide2025-08-01 08:06:25