Analysis: Hopes for Fed Rate Cut Shift to September as Bitcoin Price Maintains Steady Progress

The Federal Reserve has kept its policy rate unchanged and indicated that it may maintain high interest rates even after next month's meeting. Analysts expect this wait-and-see approach will keep the market in a consolidation phase for several months, a trend that is favorable for Bitcoin.
BRN Chief Analyst Valentin Fournier added that inflation has cooled and tariff concerns have eased, but the slowdown in U.S. economic growth has sparked worries about stagflation. At the post-meeting press conference, Federal Reserve Chair Jerome Powell expressed confidence in the "disinflationary trend" with a slightly dovish tone, but noted that robust job growth and strong consumer spending give policymakers room to maintain high rates. With no urgency to cut rates, the Fed reiterated its cautious stance, pushing expectations for the first rate cut to September. As a decentralized, borderless digital asset, Bitcoin is uniquely positioned to absorb these capital inflows regardless of the Fed's domestic policy stance. (The Block)