CryptoMediaClub
Tuesday, July 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Market volatility spikes after Powell hints Fed could slow rate hikes amid banking stress

20.05.2023
A A
0
134
VIEWS
ShareShare

Federal Reserve Chair Jerome Powell said on May 19 that the interest rates may not have to be increased as much as previously estimated to slow down the economy.

Powell said that “developments” in the banking sector are resulting in tighter credit conditions which will likely impact economic growth and inflation. However, he added that the extent to which credit tightening is affecting inflation is uncertain.

Powell made the comments during his talk at the Thomas Laubach Research Conference.

Inflation will ‘take some time’

In terms of guidance, Powell said that bringing inflation down will “take some time” but the Fed is changing its stance toward policy firming as the “risks of doing too much versus too little are becoming more balanced.”

He added that the Fed has yet to decide whether further firming is necessary and is now in a position where it can “afford to look at the data and the evolving outlook” to make “careful assessments.”

Powell said:

“We have come a long way in policy tightening and the stance of policy is restrictive. We face uncertainty about the lagged effects of our tightening so far, and about the extent of credit tightening from recent banking stresses.”

Powell said the stress on the banking system is the main thing that will influence decisions around rate hikes for the central bank in the coming months.

However, he clarified that ultimately the Fed’s decision will depend on the state of the economy and the current guidance could change if it were to experience a new shock like the Russia-Ukraine war or the Covid-19 pandemic.

Crypto markets were eagerly anticipating the comments and price action points to the industry reacting positively to the news.

Crypto reacts

Bitcoin experienced a spike in volatility following Powell’s comments on interest rate hikes and briefly broke $27,000, before falling to a 24-hour low at roughly $26,718.

However, markets seem optimistic about the Fed’s coming actions as the flagship crypto is trending upwards despite minor volatility in the hours since the live stream.

Bitcoin was trading at $26,927 as of press time.

Ethereum saw similar volatility in trading but the price range was much tighter. The second-largest cryptocurrency spiked up to $1,823 following Powell’s talk and then saw a sharp decline to $1,803 before trending back up.

Ethereum was trading at $1,818 as of press time — only a few dollars short of its 24-hour high.

The vast majority of the top 100 cryptocurrencies and all of the top 10 cryptocurrencies were trading in the green on a 24-hour basis.

Most major cryptocurrencies recorded a positive spike in price action following Powell’s speech, pointing to optimism in the crypto markets.

The post Market volatility spikes after Powell hints Fed could slow rate hikes amid banking stress appeared first on CryptoSlate.

Share10Tweet6ShareSharePin2

Related Posts

BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B
Analysis

BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B

29.07.2025
0

Spot Ethereum (ETH) exchange-traded funds (ETFs) are close to breaking the $10 billion mark in inflows this month, as BlackRock’s...

Read moreDetails
Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

29.07.2025
Increased market volatility as the U.S.–Europe tariff deadline looms

Increased market volatility as the U.S.–Europe tariff deadline looms

27.07.2025
Bitcoin’s four-year cycle loses grip as maturing market reshapes dynamics

Bitcoin’s four-year cycle loses grip as maturing market reshapes dynamics

25.07.2025
Bitcoin price could retest $110k amid market cooling, analyst warns

Bitcoin price could retest $110k amid market cooling, analyst warns

25.07.2025
Load More
Next Post
Morgan Stanley CEO Reportedly Stepping Down in a Years Span

Morgan Stanley CEO Reportedly Stepping Down in a Years Span

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Can XRP Lastly Break $10? Ripple’s Authorized Battle Nears an Finish 

Can XRP Lastly Break $10? Ripple’s Authorized Battle Nears an Finish 

5 months ago
China’s Supreme Procuratorate Outlines Crypto Focus in New AML Law

China’s Supreme Procuratorate Outlines Crypto Focus in New AML Law

8 months ago
Commonplace Chartered believes rising institutional inflows will gasoline crypto market restoration amid coverage uncertainty

Commonplace Chartered believes rising institutional inflows will gasoline crypto market restoration amid coverage uncertainty

6 months ago
BitGo, Swan unveil plans for Bitcoin-only trust company

BitGo, Swan unveil plans for Bitcoin-only trust company

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

South Korea’s Biggest Parties Roll Out Stablecoin Bills, Clash on Interest Payment Plans

Bitcoin Faces Doomsday Scenario as Whales Exit – Bitcoin Hyper (HYPER) Rewrites the Narrative, ICO Hits $5.4M

Bitcoin steadies near $114,800 but fragility risk rises as leverage climbs

BNB ($BNB) Bulls Charge Ahead to $843, Can Institutional Momentum Push It Higher?

Bitcoin Market Cycles and BTC Rallies Are Outdated

Bitcoin Price Prediction: Global Firms Pour $86B Into BTC – Could This Trigger a New “Institutional Supercycle”?

Trending

Interactive Brokers Mulls Stablecoin Launch to Serve Users
All news

Interactive Brokers Mulls Stablecoin Launch to Serve Users

29.07.2025
0

Interactive Brokers is weighing the launch of its own stablecoin, potentially deepening its involvement in digital assets...

Crypto Price Prediction Today 28 July – XRP, Solana, Dogecoin

Crypto Price Prediction Today 28 July – XRP, Solana, Dogecoin

29.07.2025
BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B

BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B

29.07.2025
South Korea’s Biggest Parties Roll Out Stablecoin Bills, Clash on Interest Payment Plans

South Korea’s Biggest Parties Roll Out Stablecoin Bills, Clash on Interest Payment Plans

29.07.2025
Bitcoin Faces Doomsday Scenario as Whales Exit – Bitcoin Hyper (HYPER) Rewrites the Narrative, ICO Hits $5.4M

Bitcoin Faces Doomsday Scenario as Whales Exit – Bitcoin Hyper (HYPER) Rewrites the Narrative, ICO Hits $5.4M

29.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz