Forward guidance: Warsh has previously criticized the Fed’s approach as overcommunicating with markets. He is likely to be questioned on this during the press conference, and if he signals a shift toward significantly reduced forward guidance, he could move markets.
For now, implied volatility indexes tied to bitcoin and ether (ETH) are hovering at two-week lows, having reversed the early-month spike. This indicates expectations for continued calm in the market. Stay alert!
Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”
What’s trending
U.S. Fed set to hold rates steady at Warsh’s first meeting in charge (AFP): The U.S. Federal Reserve is expected to hold interest rates steady on Wednesday at Kevin Warsh’s first meeting in charge of the central bank, with rate hikes potentially on the horizon to combat surging inflation.
From supply shock to oil glut: IEA flags scale of demand destruction caused by Iran war (CNBC): The IEA slashed its global oil demand outlook for the year as higher prices weigh on consumption, and said a post-war supply rebound could lead to an oil glut in 2027.
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