XRP Army Anticipates this Fed Chair’s Decision: Everything Could Change Tomorrow
Main Idea
The XRP community is anticipating a potential market-moving decision from Federal Reserve Chair Jerome Powell's upcoming speech, which could impact XRP's price and the broader cryptocurrency market.
Key Points
1. Federal Reserve Chair Jerome Powell is set to speak at 2:30 PM ET, with the XRP community expecting his remarks to influence XRP's price.
2. Political pressure and economic uncertainty, including tariff impacts and inflation, are influencing the Fed's cautious approach to rate cuts.
3. Markets do not expect an immediate rate cut, with a 62% probability of a cut in September, according to the CME Group’s FedWatch Tool.
4. Diverging views exist within the Fed, with some officials like Christopher Waller and Raphael Bostic offering differing perspectives on inflation and rate cuts.
5. Bank of America analysts suggest that Powell's speech could be a critical inflection point for XRP, with a dovish tone potentially boosting risk assets like XRP.
Description
The XRP community is bracing for a potentially market-moving decision as Federal Reserve Chair Jerome Powell prepares to speak at 2:30 PM ET tomorrow. According to STEPH IS CRYPTO, this announcement could “send XRP higher,” especially if the Fed signals a shift in its current monetary policy stance. With risk assets like XRP highly sensitive to changes in interest rates, all eyes are now on Powell’s next words. Trump’s Pressure and the Politics of Rate Cuts The Fed’s policy decision comes under ...
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