Fed Chair Powell: “Rate Cuts Are Not Guaranteed”

[johnblockbuster]

Jerome Powell cast doubt on additional rate cuts, saying December’s decision is “far from a foregone conclusion.”
Even after October’s 25bps cut, crypto markets continued to decline as the move was already priced in.
21Shares analyst Matt Mena said investors had anticipated the cut for months, limiting its impact on risk assets like crypto.

[Nahid Hossen]

Powell staying non-committal is enough to keep markets on edge.

[Rimon Khan]

No guarantees means volatility stays elevated into year-end.