Powell’s Jackson Hole Speech Fuels Speculation Over Interest Rate Moves, Impacting Crypto Markets

Central bankers gather in Jackson Hole for the annual symposium hosted by the Federal Reserve Bank of Kansas City, and Chairman Jerome Powell’s speech is expected to spark key discussions. While his address focuses on labor markets in transition, market participants anticipate an impact on cryptocurrencies as well, particularly Bitcoin and Ethereum. 25 basis point rate cuts are heavily anticipated following recent inflation data, with many analysts expecting a signal from Powell regarding future Fed decisions.