Markets Brace for September Rate Cut: Powell’s Dovish Speech Triggers Rally

Market sentiment shifted dramatically following Fed Chair Jerome Powell’s dovish remarks at the Jackson Hole symposium, triggering a significant rally across various asset classes. The most recent surge in Ethereum prices to its highest point since early 2020 stands out as traders anticipate an imminent Federal Reserve rate cut. This week, key economic indicators and speeches from prominent Fed officials will play a crucial role in shaping market expectations for the central bank’s next move.