According to BlockBeats, Federal Reserve Chairman Powell will deliver a speech titled "Economic Outlook and Monetary Policy" at an event hosted by the National Association for Business Economics at 12:20 AM Beijing Time on Wednesday, October 14th. Powell's speech could influence market expectations regarding the pace of interest rate cuts and overall monetary policy, thereby determining whether the current downward trend in the cryptocurrency market will deepen or stabilize. Blockchain data company Santiment previously noted that Friday's sell-off was not solely driven by tariff news. While retail traders quickly blamed the sharp drop on the tariff standoff, deeper structural issues are accumulating, including excessive leverage and extreme concentration of long positions.
Investors are closely watching tonight for any clues from Powell regarding the timing and magnitude of rate cuts. Market consensus currently favors a 25 basis point cut in October and December, with futures markets pricing in a 97% and 89% probability, respectively. The speech is expected to clarify the Fed's views on inflation, growth, and the impact of tariffs. Powell's tone will determine whether market confidence recovers or plummets.
