Fed Chair Powell spoke at 11:25 AM ET on Thursday, signaling that weak economic growth and rising inflation may offset each other, keeping the Fed on track for two expected 2025 rate cuts. He stated the Fed can afford to wait before considering policy adjustments.
Earlier at 8:30 AM ET, the March NFP report showed 228K jobs added - significantly above the 135K forecast, with February's figure revised down to 117K from 151K. Traders reduced bets on a May rate cut, now eyeing June for potential easing. Tuesday's ADP report at 8:15 AM ET had already shown strong job growth of 155K vs 115K expected.
Amid Trump's tariff turmoil boosting market volatility, how will Powell's stance and the hot NFP impact crypto? Will the Fed delay its easing cycle? Share your trading strategies!