The Federal Reserve is widely expected to hold interest rates unchanged for a second straight FOMC meeting, with markets having mostly priced in a pause. Investors will instead focus on the dot plot and Chair Powell’s press conference for clues on the timing of future cuts.
Fed Chair Jerome Powell will deliver an economic policy speech on Dec. 1, just days before the next FOMC meeting, and markets expect his tone to shape Bitcoin’s near-term direction. Traders are watching for dovish or hawkish cues that could swing risk appetite and BTC flows.
FOMC minutes showed many Fed officials oppose another rate cut this year amid rising inflation concerns, dimming expectations for a December easing. Bitcoin fell as markets adjusted to a stickier policy path.