Analysis: Market focuses on Powell's speech this week, interest rate cut expectations and global recession risks remain in focus

Odaily Planet Daily News Carlos Guzman, a research analyst at crypto market maker GSR, said market participants will pay close attention to Federal Reserve Chairman Powell's speech this week. They are eager to understand the Fed's position on a potential recession. He said, "When the tariff suspension policy was announced, the main concern was that it could lead to a massive economic contraction. At that time, the market expected that there might be four rate cuts this year." After Trump announced a 90-day suspension of most tariffs last week, expectations of recession have declined, and expectations of rate cuts have also weakened. However, Guzman mentioned that the market still expects more rate cuts now than before Trump announced the tariff suspension policy. He said: "If the global economic situation looks bad, the Federal Reserve may adopt more stimulus policies. This may be a medium-term positive for cryptocurrencies, although the impact may be smaller in the short term due to recent volatility." (Decrypt)