Fed preview: crypto observers believe Powell will keep door open for rate hikes after July

“I will be watching to see what stance the Fed takes for the next meetings in September and beyond. We are at an interesting juncture, as inflation is coming down, but from here the favorable base effects will be less pronounced. Also, the price of oil has rallied about 10% over the past few weeks,” David Lavant, head of research at institutional crypto derivatives platform FalconX, said in an email, pointing to the scope for an aggressive Fed talks.