@cryptoanalyst42
Fed pours cold water on the market – Meanwhile, Trump and Xi are preparing to meet
Instead of boosting sentiment, Chair Powell surprised investors by stating that he is “not certain another rate cut will happen in December.”
The reaction was immediate and widespread — equities, gold, and crypto all moved sharply on the news.
However, it’s important to remember that the Fed has already cut rates twice this year and has officially signaled an end to quantitative tightening (QT).
This marks a much more dovish stance compared to 2023–2024, when the Fed kept rates elevated to fight inflation.
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