So, Powell decided to grace us with his presence at the Greater Providence Chamber of Commerce on Tuesday, because nothing says “economic clarity” like a room full of suits and coffee stains. 🥱 He basically said the economy is like a Tinder date-moderated GDP growth (1.5%, yawn), low unemployment (4.3%, cute), but inflation? Oh, it’s playing hard to get at 2.9%. 😳
And then, the plot thickened. Is the Fed starting a new monetary policy cycle or just flirting with the idea? 🤔 Powell’s like, “Our policy is not on a preset course,” which is basically the adult version of “We’re just hanging out.” Cool, cool. Meanwhile, crypto’s over here like, “ARE WE IN OR OUT?!” 💔
“Our policy is not on a preset course. We will continue to determine the appropriate stance based on the incoming data, the evolving outlook, and the balance of risks.”
Fed Still On The Fence (Surprise, Surprise)
Powell also dropped this gem: “Near-term risks to inflation are tilted to the upside and risks to employment to the downside-a challenging situation.” Translation: Inflation’s the ex that won’t stop texting, and jobs are ghosting. 👻 He called the current policy “still modestly restrictive,” which is Fed-speak for “We’re keeping our options open, honey.” 🍷
Dovish pivot? Rate cuts? Crypto’s like, “Yes, please!” 🤑 But Powell’s all, “Don’t get too comfy-if we ease too aggressively, inflation might come back with a vengeance.” So, basically, crypto’s in the friend zone. Again. 😩
“If we ease too aggressively, we could leave the inflation job unfinished and need to reverse course later to fully restore 2 percent inflation.”
Meanwhile, CME futures are betting big (92% chance!) on another 0.25% rate cut in October. Vegas, eat your heart out. 🎲 Fundstrat’s Tom Lee’s like, “Chill, everyone. Powell’s not here to ruin the party.” 🕺
Fed Chair Powell spoke at a conference today and this one comment unnerved some investors
Powell:
“I think if you look at some prices, then they’re elevated relative to historical levels…we’re not targeting any level of prices for particular financial assets. We don’t have a…
– Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) September 23, 2025
Crypto Markets: Holding On for Dear Life
The Fed’s “no preset course” line? Crypto’s worst nightmare. 😱 Markets barely moved after their $200 billion tantrum earlier this week. Total cap’s chilling at $3.96 trillion, like it’s mid-July all over again. Bitcoin dipped to $111,600 but bounced back to $112,000-because drama. 💃 Ether’s like, “Can’t keep up,” dropping below $4,200. Analysts? Still sipping their “optimism” smoothies. 🍹
● TARIFFS WILL ONLY CAUSE ONE-TIME’ PRICE INCREASES OVER SEVERAL QUARTERS.
● FED WILL MAKE SURE TARIFFS DON’T DRIVE ONGOING INFLATION
● DOWNSIDE RISKS TO EMPLOYMENT HAVE RISEN
● LONG-RUN INFLATION EXPECTATIONS IN LINE WITH 2% TARGET
●…
– Ash Crypto (@Ashcryptoreal) September 23, 2025
So, here we are. Fed’s mixed signals, crypto’s existential crisis, and me wondering if I should just invest in a piggy bank. 🐖✨
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2025-09-24 08:00