Analysts: Investors Should Pay More Attention to Powell's Forward Guidance Tonight
On September 18, Decrypt reported that Illia Otychenko, Chief Analyst at CEX.IO, stated that while lower interest rates typically benefit risky assets like Bitcoin, investors should focus on the Fed's forward guidance. Even if the Fed decides to cut rates by 50 basis points, the market's reaction could depend on Chair Powell's comments about future monetary policy actions. If there is no clear forward guidance, institutional investors might reduce their risk exposure, which could stifle Bitcoin's bullish momentum.
BlockBeats note: After the Fed announces its interest rate decision, Powell will speak and answer questions from reporters half an hour later. BlockBeats will cover this interest rate decision event in its entirety.