Powell’s Testimony This Week May Shift Fed Outlook, Impact Crypto

Description

Powell will testify before Congress on June 25–26 amid rising global risks and inflation concerns. Markets await his stance on possible rate cuts, especially after Waller’s July hint. Bitcoin and crypto markets could react strongly to any dovish Fed signals this week. U.S. Federal Reserve Chair Jerome Powell will deliver his semiannual testimony to Congress on Tuesday and Wednesday, June 25–26, this week, an event closely watched by the crypto market for signals on the timing of interest rate cu...