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

Odaily News Carlos Guzman, 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.
“When the tariff suspension was announced, the main concern was that it could lead to a massive economic contraction,” he said. “At that time, the market was pricing in perhaps four rate cuts this year.”
After Trump announced a 90-day suspension of most tariffs last week, recession expectations have declined, and expectations of rate cuts have also weakened. However, Guzman mentioned that the market is still expecting more rate cuts now than before Trump announced the tariff pause policy.
He said: "If the global economic situation looks bad, the Fed may adopt more stimulus policies. This may be a medium-term positive for cryptocurrencies, although in the short term the impact may be smaller due to recent volatility." (Decrypt)