“As the market is expecting a pause after this hike, we’ll be looking for the sentence on ‘additional policy firming may be appropriate’ to be removed from the statement, replaced by more open-ended language leaving the door open for either more rate hikes or a pause, i.e., data-dependency,” Dick Lo, the founder and CEO of quant-driven crypto trading firm TDX Strategies, told CoinDesk.
Source: https://www.coindesk.com/markets/2023/05/03/fed-preview-bitcoin-rally-may-run-into-a-hiccup-if-powell-sticks-to-data-dependent-policy-path-crypto-observers-say/?utm_medium=referral&utm_source=rss&utm_campaign=headlines