Powell Signals Flexibility in Jackson Hole Speech, Market Impacted by Inflation & Job Data

Federal Reserve Chairman Jerome Powell will deliver a crucial speech at the Jackson Hole meeting, emphasizing a flexible policy approach amid ongoing inflation concerns. This flexibility hinges on upcoming inflation data and labor market indicators that could influence the future of interest rates and financial markets like cryptocurrency. Powell’s message is expected to impact global asset markets, especially in light of the potential for rate cuts if job growth weakens.