Powell just dropped some interesting signals on where rates might be headed. The Fed chair made it pretty clear that they're looking at either pausing or cutting - rate hikes aren't even on the table right now.

What caught my attention was his take on employment. He's not worried about a sudden jobs market collapse, especially with rates sitting somewhere in what he calls a "plausible neutral range." That's Fed-speak for rates that neither pump the brakes too hard nor floor the accelerator.

On the tariff front, he noted they've actually made decent headway this year in areas outside of trade barriers. Not earth-shattering, but worth noting given how tariff talk has dominated headlines lately.

Bottom line: The Fed's posture remains dovish-to-neutral, which tends to keep risk assets (hello, crypto) in play.