BlockBeats News, October 14th. Tonight at 00:20 Beijing time on Wednesday, Federal Reserve Chair Jerome Powell will deliver a speech at an event hosted by the National Association for Business Economics, with the theme "Economic Outlook and Monetary Policy." Powell's speech may sway market expectations for the pace of interest rate cuts and overall monetary policy, thereby determining whether the current downtrend in the cryptocurrency market will deepen or stabilize. Blockchain data company Santiment previously pointed out that last Friday's sell-off was not purely driven by trade war news. Retail traders quickly attributed the sharp drop to the trade standoff, but deeper structural issues are accumulating, including excessive leverage and extreme concentration of long positions.
Investors are closely watching tonight to see if Powell will provide clues about the timing and magnitude of rate cuts. Currently, the market widely expects the Fed to cut rates by 25 basis points each in October and December, with futures markets indicating probabilities as high as 97% and 89%, respectively. The speech is expected to clarify the Fed's views on inflation, growth, and the impact of tariffs, and Powell's tone will determine whether market confidence will recover or further decline.