🚨 USD Potential Weakness Looming! 📉
Key Takeaways from Fed Chairman Powell's Speech:
With no economic data due to the U.S. government shutdown, this speech was crucial! Powell emphasized:
✅ Rate cuts are coming, but the Fed will proceed carefully.
✅ Quantitative Tightening (QT) will end soon, which means more money injected into the market, and this usually weakens the Dollar. 💸
✅ Slow job creation is pushing the Fed towards easing monetary policy.
Result: Due to these factors and the lack of fresh data, uncertainty around the US Dollar is rising, and we are already seeing the Dollar's value depreciating across markets. 🔝📉
If you enjoyed my insights, don't forget to like, follow, and share! ❤️
Thank you.......
#FedRateCutExpectations #CryptoMarketAnalysis #US_Dollar #Federal_Reserve #Economic_News