The speech by U.S. Federal Reserve Chair Jerome Powell at Jackson Hole is scheduled for 4 PM CET. This address draws significant attention from traders across global markets.
Market Pressure Ahead of the Speech
Ahead of Powell's speech, traders are anticipating possible shifts in monetary policy. Futures markets show a probability of a September rate cut between 70%-85%. Mixed economic indicators, such as rising inflation and signs of a weak job market, contribute to the tense atmosphere.
Crypto Market Waiting for Signals
Crypto traders are closely monitoring Powell's speech. It is expected that his remarks on monetary policy could lead to significant price fluctuations in digital assets. Analysts warn of a potential downside of 7%–15% if signals regarding rate cuts are absent.
Tension Before the Event
As the speech approaches, markets show signs of caution. Recent data indicated a 0.64% decrease in Bitcoin, settling at $112,374.96. Positive signals could trigger reactions in both equity and cryptocurrency markets.
Jerome Powell's speech at Jackson Hole will be a pivotal moment for financial markets, shaping the direction for both traditional and digital assets.
