The Fed's new official makes a bold move right out of the gate, leaving the market stunned.


Speak in plain language.
In the early morning of June 18, Beijing time, at the Fed's first FOMC meeting under new Chair Powell, he directly upended the table.
Interest rates remained unchanged, staying at 3.50%-3.75%. But the statement was cut from 341 words to 130, the shortest in 19 years, removing all language hinting at rate cuts.
Powell himself did not submit a dot plot forecast, becoming the first chair in 14 years to do so, and openly said the dot plot "is drawn with a pencil."
Among the other 18 officials, 9 support rate hikes within the year, with the median rate jumping from 3.4% to 3.8%.
The market immediately exploded. U.S. stocks plunged at the close, the Dow fell over 500 points, gold dropped below $4,300, Bitcoin fell nearly 2% to $64,288, and the probability of rate hikes this year shot straight to 100%.
Powell's move sends a very clear signal: the Fed is no longer "feeding" the market. Assets that have been accustomed to the "Fed backstop" may not fare well in the future.
The ones that can truly withstand the pressure are those sectors less correlated with macro sentiment. For example, AI computing power—no matter how the dot plot changes, the demand for training large models and calling AI agents worldwide remains constant.
$BTC $ETH
This is why I’ve always been interested in API RYS. Deploying large models on real GPUs, earning on-chain compute rewards, and training rental AI agents—project teams profit from buybacks and burns, with a total cap of 210 million tokens.
$ H N Y- d 6 b 0
Powell's bold move—do you think this is a declaration of Fed independence or a trap for the market? Share your thoughts in the comments 👇
#美联储维持利率3.5%-3.75%
GLDX-2.73%
PAXG-1.54%
BTC-2.38%
ETH-3.12%
View Original
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned