Kraken Blog/
The Fed speaks this afternoon. PCE follows in 8 days.
The Federal Reserve is expected to hold interest rates steady at 3.50%-3.75% today, with market attention focused on Chair Kevin Warsh's inaugural press conference and potential changes to forward guidance. Upcoming volatility is expected from the May PCE inflation report, Q1 GDP data, and the Deribit quarterly options expiry on June 26.
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Why It Matters
The shift in Federal Reserve communication strategy under Chair Warsh could fundamentally change how markets react to economic data, potentially increasing volatility for risk assets like cryptocurrency.