Research from Barclays suggests that Federal Reserve Chair Jerome Powell is likely to push for a rate cut decision in the upcoming month, despite lingering uncertainty regarding the economic outlook. The note highlights internal disagreements within the Fed. According to recent speeches, some governors support a rate cut while others advocate for maintaining current levels. However, Barclays analysts believe the final decision will be driven by Powell's inclination towards easing monetary conditions. This macro outlook remains a critical factor for crypto markets, as interest rate decisions heavily influence liquidity and risk appetite across asset classes.