All Eyes on the Fed, All Ears on Powell: Crypto Daybook Americas

OKX-BTC/USDT is currently trading at $116044, with a 5-minute decline of 0.09%. Please be aware of the market fluctuations.

At the opening of the US stock market, the Dow Jones Industrial Average rose 117 points, the Nasdaq fell 1 point, and the S&P 500 index rose 0.05%.

[Fed Cuts Rates by 50 Basis Points May Trigger Market Volatility] TA Securities analysis suggests that if the Federal Reserve unexpectedly cuts rates by 50 basis points, it may provide a short-term boost to interest rate-sensitive industries but could also raise concerns about economic weakness, dampening market sentiment, and potentially impacting cyclical sectors. If the Federal Reserve keeps rates unchanged while data weakens, the market may interpret it as a policy misstep, leading funds to flow into defensive sectors and an overall decline in risk appetite.

[Bank of America (BOFA) CEO: The Federal Reserve (FED) Must Focus on Inflation Issues] According to a report by Golden Finance, citing market news released by Bloomberg analyst Walter Bloomberg, Bank of America (BOFA) CEO Moynihan stated that the Federal Reserve (FED) must focus on inflation issues.

[BNP Paribas: Fed Rate Cuts May Cause Dollar to Deviate from Historical Patterns] BNP Paribas strategists pointed out in their latest report that if the Federal Reserve announces a rate cut on Wednesday, the dollar's performance may deviate from historical patterns. Typically, after the first rate cut, if it does not trigger an economic recession, the dollar tends to strengthen due to capital inflows into U.S. equities; if a recession occurs, the dollar benefits from safe-haven demand. However, this time the situation may be different. Strategists believe that if recession risks increase, the dollar might instead come under downward pressure, as the current trading logic of the dollar is more inclined to be tied to the volatility of risk assets rather than its traditional safe-haven attributes.