Federal Reserve Meeting to Decide Interest Rate, Affecting Crypto Market

The Federal Reserve's meeting on March 19th will bring significant attention to the crypto market. The interest rate decision, expected to remain unchanged at 3.50% - 3.75%, is not seen as a major fluctuation trigger. However, Powell's press conference may spark a reaction.

The meeting marks a critical moment for Powell before his handover to Waller in May. Two scenarios are possible: if he emphasizes the inflation risks posed by rising oil prices, it could lead to a dollar increase and potential correction in BTC; alternatively, if he prioritizes slowing employment, rate cuts may become more plausible.

The non-farm payrolls and Beige Book indicate conflicting macroeconomic signals. The conflict in Iran has pushed oil prices up, potentially implying inflation rebound. This ambiguity will be addressed during the press conference, setting the stage for a dovish or hawkish stance from Powell.