With global capital market closed, crypto maybe the only price action to monitor to judge if Fed Chair Powell says anything new this morning.

Powell is due to participate in moderated discussion before the Federal Reserve Bank of San Francisco Macroeconomics and Monetary Policy Conference.

<strong>The market is still pricing in a just better than 50-50 chance of The Fed's first cut coming in June</strong>, and the question is whether - like Waller earlier in the week - Powell will signal a longer pause...

Watch live here (due to start at 1130ET):

The market is still pricing in a just better than 50-50 chance of The Fed's first cut coming in June, and the question is whether - like Waller earlier in the week - Powell will signal a longer pause...
{ai:summary}<p>With global markets closed, all eyes on crypto for price action insights. Powell's speech at San Francisco conference could hint at future Fed cuts. Will he echo Waller's concerns and signal a longer wait? Watch live at 1130ET. #economy</p>

Watch Live: Fed Chair Powell Speaks With Global Markets Closed

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