Although Jerome Fowel has not said that they will pause the rate hike, the expectation is that it is possible to pause because it is already in the targeted range.
You should not believe in Powel and FED. Did you remember that they claimed they won't increase interest rate months after the pandemic? Many banks believed in FED promise which was not kept and they fell into troubles that caused their collapses recent months and maybe a bigger problem for the whole bank system.
So this event a few hours from now I think 4 hours from now it is possible that Bitcoin's value will pump 35k$ or more and suddenly dump up to 25k$ if its minor lower high is not broken.
What do you think will happen? this is a type of event that every 16 years actually has this problem due to inflation. Please also give your opinion on this matter.
The USA. Government and their central bank can print a lot of money that is easy to do but the opposite is more difficult. They will hardly to retrieve the circulating supply they created in inflation time. Such efforts can never be achieved 100% and as we are witnessing, it causes many collapses in bank system and related fields. In addition, it takes a lot of time to cool everything down before returning to normality.
You can see it in history chart of interest rate, unemployment rate, recession too.