“The consensus is for the hawkish skip, so the bar might be quite high for Jerome Powell to out-hawk the market,” Brickell told CoinDesk. From a communication perspective, I think it’s difficult to sound too hawkish when you’re taking a pause, so my bias would be that it’s interpreted as more dovish relative to expectations Rates [yields] then, I think, drift lower and BTC rallies, but I’m not expecting it to trigger a big move.”
BTC Market Skews Bearish as Analysts Anticipate ‘Hawkish’ Fed Rate-Hike Pause
