Jerome Powell Speaks to the press with his statement and answers questions
FED expects volatility to be taking place after the meeting. Effects the market's stock prices, NASDAQ, S&P 500. Weekly money flow right now is on the upside. Also a sign and a marker of a bear market. That it is really in, but where still not out of the woods yet. Next couple of months we could see a new bear market bottom price for Bitcoin and the altcoins. The 5 day money flow is in green but this trajectory changed just before the press conference took place to the dowards side and has been doing so hours after, up until writing this report. Expect trends to go on the upside. Pump's will be with volitivity. However it was not a pump with bitcoin after the FED meeting and during is was the opposite. Showing signs of being anti-fed or at least anti Jerome Powell rederick. Bitcon hasn't been going the way of 30K yet. We could just be seeing volatility starting as a direct result of what Jerome said in the conference. Many taking profits now. 24hr short term cool off after 24hr see the price start to be more bullish again. So for trends thier are bearish divergence's and diamond reversal's that are very interest to look at if your into indicator's on the candle stick charts. Always have a trading plan. Disclaimer this is not financial advise, I'm not a financial advisor, this report is for education. Do what you like with it.
Cardano DEFI is very interesting with it's minswap.org a competitor for the polygon swapping.
What Jerome Talked About in the Conference.
25 basis points and additional hikes. Effects on credit tightening. Maybe some but not ongoing. Depending on the effects of the tightening, if not so much then the FED has less work to do. Anticipate tightening of credit conditions. Same as FED policy. If so more rate hikes expected. Volititly in the stock markets. Deposit errosion, monetary policy works. Rate hikes handeld by many banks FWC. Economic contagion. Risk of contagion. Fed is getting investigated internally and by external investigators as a direct result of silicon valley bank failure and I suspect also the Silvergate failure. Vice chair Barr need for review. "How did this happen?". Bar says according to Powell. "Let's do this". Barr set to do something about it. Disinflation still occuring. Jerome was asked many times before the conference to felt like he had to answer about disinflation. Good's inflation down in USA by 44% core, PCE index. Feb non-housing services sector, softening demand and labour conditions, which is 56% of the Index.
Silicon valley bank liquidity and rates risk. Bank Run connected depositor's was fast and historical. Supervision regulation needed. Jerome and probably Barr as well asking themselves what went wrong. They want to find out what went wrong and put policies in place to it doesn't happen again.
When I hear this I think this is so the FED can keep the illusion that it is 100% secure and safe and for the people.
They want to strengthen supervision and regulation. Outlier bank holding of duration risk. Still happened. A discovery of the problem, hence investigation, is needed. We will see more rises in rates, then later cuts. SCP publication; slow growth, Inflation to go down gradually. No rate cuts this year expected. 5.1% consensus restrictive. Monetary policy tool tightening. Then rate rise risk. 2% inflation target overtime, Powell is confident they will meet 2% inflation target.
Enjoy,
Namesté
