Crypto News: Expectations For September Rate Cuts Drop Despite Powell’s Speech
Last week, Federal Reverse Chairman Jerome Powell set the crypto community on fire after speaking at the annual Jackson Hold economic symposium. During his speech, Powell had hinted toward possible rate cuts that could happen in the month of September, and since rate cuts have been historically bullish for risk assets, this quickly triggered a […]
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Jerome Powell, the Fed Chair, in his speech at Jackson Hole on August 22, hinted that the Fed might cut interest rates in September. Now, weak U.S. jobs market data has increased the chances of not one, but at least two rate cuts in 2025. For the first time since April 2021, there are more […]
Jerome Powell, the Fed Chair, in his speech at Jackson Hole on August 22, hinted that the Fed might cut interest rates in September. Now, weak U.S. jobs market data has increased the chances of not one, but at least two rate cuts in 2025. For the first time since April 2021, there are more […]
FED Chair Jerome Powell spoke at Jackson Hole on August 22, addressing rate cuts, inflation, and the labor market. Powell’s Friday appearance turned out to be a bonanza for intraday stock traders and crypto investors, as both the NASDAQ and major cryptos surged after he hinted at a possible September rate cut. Powell noted that […]
The Bitcoin and the crypto market witnessed significant volatility on Friday, August 22, rallying hard on the back of the Federal Reserve Chair Jerome Powell’s speech at Jackson Hole. Powell suggested a possible shift in the US policy direction, hinting that the interest rates could soon be cut. This speech triggered volatility in the risk […]
We may see another interest rate cut this year, says Fed Governor Christopher Waller. The Fed made three rate cuts in 2024, the first being an aggressive 50 bp (basis point) cut in September, a 25 bp cut in November, and another 25 bp cut in December. However, Waller admits these cuts didn’t have the […]