Powell’s Jackson Hole Speech to Impact USD, Cryptocurrencies Could Fluctuate

Experts anticipate a pivotal statement from Federal Reserve Chair Jerome Powell at the Jackson Hole symposium, as his speech is expected to significantly influence the US dollar. This expectation comes alongside high chances of a September rate cut, with potential impacts on global markets. 70% of market analysts predict a potential for USD depreciation following Powell’s address, particularly in the cryptocurrency sector such as Bitcoin and Ethereum.