Powell today (Dec 1, 2025):
• Officially ended Quantitative Tightening (QT) today – no more balance-sheet shrinking.
• Economy is solid but labor market is softening; inflation still a bit sticky.
• December rate cut is possible but not guaranteed – “we’ll decide based on the data.”
• No big dovish or hawkish bombshell; very cautious tone ahead of the Dec 9-10 meeting.
Markets wanted a green light for a cut, got a yellow light instead. Crypto and stocks dipped a bit on the speech.
BTC
70,450.38
+1.59%
ETH
2,076.7
-0.70%