The FED Could Break To a Pivot After Powell's Remarks

Fed Meeting vs. Crypto and Recession Sentiment

The Federal Reserve raises interest rates .25 basis points for the eighth time in 11 months at the conclusion of its first monetary policy meeting of 2023 on Wednesday. The meeting also marks a pivotal turning point for the Feds’ decision-making: a return to normal.

My overview is looking at the macro effect of the economy in the short term which could put Bitcoin into a new price zone based on the lack of key triggers that may not cause future Fed action. Chair Powell’s soft responses almost to the point of a soft pivot played out into today’s meeting.

BONUS ANALYSIS

What are the Key Things to follow for the next few weeks and months?

• The jobs report on Friday this week will have a big impact, but our research shows strong job numbers and we anticipate a slight downtrend which will merge with the thoughts from Powell today.

• Long-term sentiment on Bitcoin, this is the strongest sentiment data we have seen since BTC's last bull moves prior to the all-time high in 2021.

• The fact Chair Powell believes five percent inflation could be the new target zone for a potential pivot, based on trends this could occur as early as May or June.

Carl Quintanilla @carlquintanilla

FUNDSTRAT: “Powell cited the word ‘disinflation’ 13 times in this press conference. This is a major change in language and tone .. In Dec presser, ‘disinflation’ was used ZERO times by Powell.” @fundstrat #FOMC

zerohedge @zerohedge

FOMC redline. 3 highlights 1. keeps "ongoing increases" language 2. adds inflation "has eased somewhat" 3. Changes "pace" of future increases with "extent", as it transitions from rate of hikes to duration

Gareth Soloway @GarethSoloway

#JeromePowell dovish tone today. Smart money has to start wondering what he sees on the horizon (in terms of a recession) as to why he wants to pivot so quick. Always think 2 steps ahead. Something is up and he is looking at the real data behind the scenes. #FederalReserve

#fomc #fedmeeting #crypto ~Fed Meeting vs. Crypto LIVE! Recession Sentiment Analysis~