Markets Waiting on Powell’s Jackson Hole Speech
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The markets expect a rate cut in September and all eyes will be on Fed Chair Jay Powell Friday at Jackson Hole. Click here to read what investors need to know.
Awaiting the Fed’s next move, the crypto market crashed, but expectations now center on the FOMC Minutes and Powell’s speech at Jackson Hole.
Gold prices edged higher on Tuesday, buoyed by a weaker dollar amid prospects of lower U.S. interest rates, while investors looked ahead to the Federal Reserve chair's speech at Jackson Hole later this week.
There's a note of caution seeping into crypto markets, with bitcoin (BTC) sliding under $115,000 and ether (ETH) falling to $4,220 ahead of Fed Chairman Jerome Powell's speech at the Jackson Hole Symposium later this week.