#jerome powell jackson hole

[usa-journal]

Jackson Hole: Will Fed Chair Jerome Powell Signal Rate Cuts? Potential Impact on Indian Stock Market Analyzed by Experts

As the Jackson Hole Economic Symposium approaches, global financial markets are focused on U.S. Federal Reserve Chair Jerome Powell, who is expected to provide insights into a potential rate cut in September. Analysts suggest that Powell may hint at a 25 basis points (bps) cut, with some even considering the possibility of a 50 bps reduction, depending on recent economic indicators.

The Jackson Hole Symposium, hosted annually by the Federal Reserve Bank of Kansas City, gathers central bankers from around the world to discuss pressing economic issues. This year’s event, scheduled from August 22 to 24, will explore the theme "Reassessing the Effectiveness and Transmission of Monetary Policy."

While many anticipate Powell to clearly signal a rate cut, experts caution that the Fed Chair has emphasized the importance of remaining data-dependent. Nevertheless, the likelihood of a 25 bps cut in September seems increasingly strong.

Expert Opinions on Impact

Madhavi Arora, Lead Economist at Emkay Global Financial Services, noted that market expectations are leaning towards a September rate cut, with Powell likely to prepare the groundwork during his Jackson Hole address. Arora highlighted that markets are currently pricing in a 78% probability of a 25 bps cut. Indian markets, particularly the rate-sensitive IT sector, have already factored in the possibility of rate cuts, but a confirmed cut could still boost sentiment.

Sahil Shah, Managing Director and Chief Investment Officer at Equirus, pointed out that Indian interest rate cycles often mirror U.S. trends. He emphasized that U.S. rate cuts typically benefit technology stocks, which could positively impact Indian IT services. However, Shah also reminded investors that market performance is influenced by various factors beyond interest rates, such as India’s valuation and growth prospects.

Narinder Wadhwa, Managing Director & CEO of SKI Capital, believes that a dovish stance from the Fed could lead to increased foreign portfolio inflows into the Indian stock market. Sectors like IT and pharmaceuticals, with significant exposure to the U.S. market, could see strong gains. However, Wadhwa warned that the extent of the impact would depend on the magnitude of the rate cut and Powell’s commentary on future policy directions.

Manish Chowdhury, Head of Research at StoxBox, expects that Powell and other Fed officials will provide clear hints on the future interest rate trajectory. He anticipates a 25 bps cut in September, which could be positive for Indian equities, particularly in the realty and IT sectors.

Amit Goel, Co-founder and Chief Global Strategist at Pace 360, believes Powell will adopt a cautious approach, suggesting that while the risks now favor rate cuts, the Fed will refrain from signaling a September cut as a certainty. Goel predicts a 25 bps cut in September, noting that a larger 50 bps cut could send an alarmist message about the U.S. economy's health.

Potential Impact on Indian Markets

If Powell signals a rate cut, it could act as a catalyst for Indian markets by attracting foreign investments and boosting sentiment in rate-sensitive sectors. However, experts advise caution, as global markets may experience volatility in response to the Fed’s policy signals. The Reserve Bank of India (RBI) may also consider adjusting its policies in response to the Fed’s actions, further influencing the Indian stock market.

As the world awaits Powell’s address at Jackson Hole, investors should be prepared for potential market shifts driven by the Fed's monetary policy direction.

[siliconpalms]

Jackson Hole Economic Symposium: A Cornerstone of Global Economic Discourse

The Jackson Hole Economic Symposium, an annual event organized by the Federal Reserve Bank of Kansas City, has solidified its position as one of the most influential and closely watched gatherings in the world of central banking and economics. Held in the picturesque setting of Jackson Hole, Wyoming, this event has become synonymous with high-level economic discourse, where central bankers,…

[darkmaga-retard]

Bloomberg) -- US job growth in the year through March was likely far less robust than initially estimated

Etienne de la Boetie2

Aug 20, 2024

by Augusta Saraiva

(Bloomberg) -- US job growth in the year through March was likely far less robust than initially estimated, which risks fueling concerns that the Federal Reserve is falling further behind the curve to lower interest rates.  

Goldman Sachs Group Inc. and Wells Fargo & Co. economists expect the government’s preliminary benchmark revisions on Wednesday to show payrolls growth in the year through March was at least 600,000 weaker than currently estimated — about 50,000 a month.

While JPMorgan Chase & Co. forecasters see a decline of about 360,000, Goldman Sachs indicates it could be as large as a million.

There are a number of caveats in the preliminary figure, but a downward revision to employment of more than 501,000 would be the largest in 15 years and suggest the labor market has been cooling for longer — and perhaps more so — than originally thought. The final numbers are due early next year.

Such figures also have the potential of shaping the tone of Fed Chair Jerome Powell’s speech at week’s end in Jackson Hole, Wyoming. Investors are trying to gain insight as to when and how much the central bank will start lowering interest rates as inflation and the job market cool.

[zhangsanhzgb]

In August 2024, the cryptocurrency market valuation fell back and the financial market experienced brief fluctuations. Bitcoin outperformed the overall crypto market, while Ethereum underperformed and underperformed the overall market.

Federal Reserve Chairman Jerome Powell hinted that a rate cut is imminent, which could be a boon for Bitcoin and other assets competing against the U.S. dollar, such as gold.

Ethereum’s scaling strategy has led to uncertainty among some investors about its long-term prospects, despite a significant increase in activity on its Layer 2 (L2) network.

In August, the market value of stablecoins increased, multiple key protocols were upgraded, and discussions around digital privacy intensified.

The market experienced significant volatility in August. A weaker dollar and lower interest rates could be good for Bitcoin. Global stock markets did not change much overall in August, but there were significant intra-month fluctuations. The employment report in early August was lower than expected, which led to a fall in risk asset prices and a surge in stock volatility, with the VIX index exceeding 65% at one point. However, subsequent economic data did not show further signs of deterioration, and some market sectors rebounded, with the VIX quickly falling back below 20%.

News of a weakening labor market may have influenced the Fed's decision. Powell said at the Jackson Hole conference on August 23 that "the time has come to cut interest rates," reflecting "increased downside risks to employment." Interest rate futures show that the central bank may cut interest rates by 100 basis points in the remaining three Federal Open Market Committee (FOMC) meetings. Short-term volatility and rate cut signals have had an impact on the market. Returns on strategies such as short-term volatility strategies and foreign exchange carry trades have fallen sharply, the US dollar has weakened, gold prices have risen, and high-quality bonds and consumer staples stocks have performed well. Bitcoin fell slightly (-8.5%), while Ethereum fell more (-21.8%) and performed poorly.

If dollar weakness and falling interest rates persist, Bitcoin could benefit. Similar to gold, Bitcoin, as an alternative monetary system, could benefit from a decline in the competitiveness of the dollar. Over the past few years, Bitcoin has been negatively correlated with real interest rates and the dollar, so investors who are concerned about a weaker dollar may consider allocating funds to Bitcoin for diversification.

The short-term outlook for Ethereum remains pessimistic. In early August, the price of Ethereum dropped significantly and failed to rebound. Excess long positions in CME-listed futures and perpetual futures caused Ethereum prices to retreat. What’s more, Ethereum is undergoing a major transformation, moving more transactions to the Layer 2 network, which may increase market uncertainty.

On the privacy front, ZCash (ZEC) rose 29.5% in mid-August but has since retreated. ZCash founder joined Shielded Labs to develop the "Crosslink" hybrid consensus mechanism to enhance network security and allow ZEC holders to stake. ZEC’s second halving event is scheduled for November this year, sparking investor interest.

The Aave protocol was also a highlight of August. The number of active borrowers hit an all-time high and the Aave governance token gained 21%. The Aave community has put forward a proposal for a new "buy and distribute" model, which is planned to be launched by the end of 2024, but it still needs community approval.

Stablecoin market capitalization is close to an all-time high. Apple software updates may bring more stablecoin payment adoption, and Circle's USDC stablecoin will soon be able to "tap to pay" on the iPhone. In addition, Mercado Libre launched a dollar-pegged stablecoin, and Tether will also launch a token pegged to the UAE dirham. With the arrest of Telegram founder Pavel Durov in France, people are increasingly concerned about the connection between blockchain technology and digital privacy.

Looking ahead, Bitcoin may hit new highs after the selling pressure ends. Grayscale Research believes that the selling pressure has basically subsided, and if the US labor market stabilizes, the Fed's interest rate cuts and changes in crypto policies may push Bitcoin prices to break through previous highs. The main downside risks are rising unemployment and economic recession, but even in the face of recession risks, policymakers may respond by printing money and spending, further strengthening the investment logic of Bitcoin.

How to buy ETH ({tokenCode})

How to buy cryptocurrency on an exchange

Investing in ETH ({tokenCode}) has never been easier! Registering on an exchange, verifying your account, and paying by bank transfer, debit or credit card, with a secure cryptocurrency wallet, are the most widely accepted methods of acquiring cryptocurrencies. Below is a step-by-step guide on how to buy cryptocurrency on an exchange.

Step 1: Register OKX (click the link to register)

You can register by email or phone number, then set a password and complete the verification to pass the registration.

Step 2: Identity verification - Submit KYC information to verify your identity

Please verify your identity to ensure full compliance and enhance your experience with full identity verification. You can go to the identity verification page, fill in your country, upload your ID, and submit your selfie. You will receive a notification once your ID has been successfully verified, bind your bank card or credit card and start trading.

How to exchange USDT with a credit card and then convert it to ETH ({tokenCode})

Step 1: Click Buy Coins, first select your country , then click Card

Step 2: Click My Profile in the upper right corner

Step 3: Select Add Payment Method in the lower right corner and select a credit card that is suitable for you to fill in the information and bind, such as Wise, Visa, etc.

Step 4: Click P2P transaction again, select the corresponding payment method and choose the appropriate merchant to complete the transaction.

Step 5: After the transaction is completed, your amount will be converted into USDT (USDT is a stable currency of US dollar, pegged at 1:1 with US dollar) and stored in your account. Click on the transaction, search for ETH ({tokenCode}) and buy its tokens.

How to buy USDT with a debit card and convert it to ETH ({tokenCode})

Step 1: Click Buy Coins, click P2P

Step 2: Select My Profile in the upper right corner

Step 3: Select Add Payment Method in the lower right corner, and select the savings card that applies to you to fill in the information and bind it, such as: Payeer, ABA bank, TowerBank, etc.

Step 4: Click P2P transaction again, select the corresponding payment method and choose the appropriate merchant to complete the transaction.

Step 5: After the transaction is completed, your amount will be converted into USDT (USDT is a stable currency of US dollar, pegged at 1:1 with US dollar) and stored in your account. Click on the transaction, search for ETH ({tokenCode}) and buy its tokens.

Use the shortcut to buy USDT and then convert it to ETH ({tokenCode})

Step 1: Click [Buy Coins]-[Quick Buy Coins] in the top navigation bar to place your order.

Step 2: Enter the amount of ETH ({tokenCode}) you want

Step 3: Select your payment method, click Next and complete the purchase

Step 4: Click on Trade, search for ETH ({tokenCode}) and buy its tokens.

[sa7abnews]

Why Jerome Powell may regret his 'rifle shot' Jackson Hole speech, according to economist Adam Posen

New Post has been published on Sa7ab News

Why Jerome Powell may regret his 'rifle shot' Jackson Hole speech, according to economist Adam Posen

Fed Chair Jerome Powell’s Jackson Hole speech was too focused on the labor market, and didn’t illuminate enough of the economic picture, Adam Posen said.

... read more !

[crisismonitor]

Week Ahead: Η αγορά εργασίας και οι PMI στο επίκεντρο

Μια ακόμη εβδομάδα με κρίσιμα μ��κρο δεδομένα συνεδριάσεις κενρτικών τραπεζών ξεκινά αύριο, καθώς οι μισθοδοσίες και οι μισθοί στις ΗΠΑ αναμένεται να δώσουν τον τόνο για τη διαμόρφωση της δήλωσης πολιτικής της Fed που συνεδριάζει στις 16 και 17 Σεπτεμβρίου. Οι μισθοδοσίες στις ΗΠΑ, η συνάντηση της Τράπεζας του Καναδά και οι παγκόσμιες δημοσιεύσεις PMI για τον Αύγουστο, είναι τα μείζονα στοιχεία που αναμένουν οι αγορές αυτή την εβδομάδα, μετά την αργ��α της Δευτέρας. Η έκθεση της αμερικανικής αγοράς εργασίας για τον Αύγουστο θα αποτελέσει το κύριο δεδομένο πριν από τη συνάντηση της FOMC τον Σεπτέμβριο, ενώ η Τράπεζα του Καναδά ενδέχεται να μειώσει ξανά τα επιτόκια πριν από τη συνεδρίαση της Fed. Επιπλέον, οι παγκόσμιες δημοσιεύσεις των PMI για τη μεταποίηση και τις υπηρεσίες θα ρίξουν φως στην ανάπτυξη, τον πληθωρισμό και τις συνθήκες της εφοδιαστικής αλυσίδας μετά την ενημέρωση των flash PMI. Τα δεδομένα της αμερικανικής αγοράς εργασίας για τον Αύγουστο αναμένονται με ανυπομονησία στις αρχές Σεπτεμβρίου, για να παρέχουν ενδείξεις σχετικά με την πορεία των επιτοκίων. Τα στοιχεία ακολουθούν τα σχόλια του προέδρου της Fed, Jerome Powell, στο Jackson Hole, που ανέφερε ότι τα επιτόκια αναμένεται να μειωθούν από τον Σεπτέμβριο, εάν τα δεδομένα έρθουν όπως αναμένεται. Με την εστίαση της Fed στη στήριξη της αγοράς εργασίας, τυχόν αρνητικές εκπλήξεις ενδέχεται να οδηγήσουν την αγορά σε εικασίες για μεγαλύτερη μείωση των επιτοκίων τον Σεπτέμβριο ή για παρατεταμένες μειώσεις τους τους επόμενους μήνες. Όπως έδειξαν τα δεδομένα flash PMI των ΗΠΑ, η μείωση του δείκτη απασχόλησης τον Αύγουστο υποδηλώνει χαμηλότερη προοπτική για τις μισθοδοσίες, ενώ η μείωση των πιέσεων στις τιμές υποδηλώνει επίσης την απουσία περαιτέρω πιέσεων στους μισθούς, που είναι σύμφωνη με τις τελευταίες εκτιμήσεις. Εν τω μεταξύ, αναμένονται συναντήσεις νομισματικής πολιτικής από τις κεντρικές τράπεζες του Καναδά και της Μαλαισίας. Η Τράπεζα του Καναδά (BoC) να αναμένεται να μειώσει ξανά τα επιτόκια τον Σεπτέμβριο, καθώς οι πληθωριστικές πιέσεις μειώθηκαν. Επιπλέον, με τη Fed να φαίνεται έτοιμη να ξεκινήσει τον κύκλο μείωσης των επιτοκίων τον Σεπτέμβριο, η BoC ενδέχεται να προχωρήσει με μικρότερο κίνδυνο να προχωρήσουν τα επιτόκια πολύ μπροστά από αυτά των ΗΠΑ. Σε παγκόσμιο επίπεδο, δημοσιεύονται στοιχεία για τη μεταποίηση, τις υπηρεσίες και τα αναλυτικά δεδομένα τομέων για τον Αύγουστο, τα οποία και θα παράσχουν πληροφορίες σχετικά με τις τάσεις ανάπτυξης, αξιολογώντας αν το άνισο πρότυπο ανάπτυξης που παρατηρήθηκε στις ανεπτυγμένες χώρες στα προκαταρκτικά δεδομένα επεκτείνεται και στον υπόλοιπο κόσμο. Το πιο σημαντικό είναι ότι οι τάσεις του πληθωρισμού θα είναι κρίσιμες για την παρακολούθηση, καθώς αυτές καθορίζουν τα παγκόσμια επιτόκια. Επιπλέον, οι συνθήκες της εφοδιαστικής αλυσίδας θα εξεταστούν προσεκτικά εν μέσω των συνεχιζόμενων διαταραχών στην Ερυθρά Θάλασσα, οι οποίες συνέβαλαν στην επιδείνωση των συνθηκών εμπορίου νωρίτερα τον Ιούλιο. Στην περιοχή Ασίας-Ειρηνικού, εκτός από την παρακολούθηση της περιφερειακής απόδοσης για τον Αύγουστο μέσω των δεδομένων PMI, τα κύρια επίσημα δεδομένα περιλαμβάνουν το ΑΕΠ της Αυστραλίας για το δεύτερο τρίμηνο και τα εμπορικά δεδομένα της ηπειρωτικής Κίνας το Σαββατοκύριακο. Οι μη-αγροτικές μισθοδοσίες στο προσκήνιο Με τις αγορές να επιθυμούν να αξιολογήσουν το εύρος της μείωσης των επιτοκίων από την FOMC στη συνεδρίασή της τον Σεπτέμβριο, η μηνιαία αναφορά μη αγροτικών μισθοδοσιών για τον Αύγουστο θα παρέχει μια σημαντική ένδειξη. Η Fed έχει καταστήσει σαφές ότι η πολιτική της στάση έχει μετατοπιστεί προς τη στήριξη της απασχόλησης, φέρνοντας αυξημένη εστίαση στα δεδομένα της αγοράς εργασίας. Αυτή η αλλαγή πολιτικής υποστηρίζεται από τα πρόσφατα δεδομένα PMI, τα οποία έδειξαν περαιτέρω αποκλιμάκωση των πληθωριστικών πιέσεων. Το πιο αξιοσημείωτο είναι ότι, εκτός από μια ελαφριά μείωση τον Ιανουάριο, τα δεδομένα flash PMI για τον Αύγουστο έδειξαν τη βραδύτερη αύξηση των τιμών που χρεώνουν οι πάροχοι υπηρεσιών από τότε που αυξήθηκε ο πληθωρισμός στον τομέα αυτό τον Ιούνιο του 2020. Ωστόσο, τα δεδομένα flash PMI έδειξαν ότι η απασχόληση μειώθηκε στη μεταποίηση και τις υπηρεσίες για τρίτη φορά στους τελευταίους πέντε μήνες. Αυτό αντιπροσωπεύει την πιο αδύναμη περίοδο ανάπτυξης της απασχόλησης από τους πρώτους μήνες της πανδημίας. Προσοχή: Είναι σαφές ότι οι ασθενέστερες προσλήψεις στη μεταποίηση αντανακλούν μια αντίδραση σε υποτονικές πωλήσεις, αλλά η απασχόληση μειώθηκε στον τομέα των υπηρεσιών συχνά λόγω ελλείψεων εργατικού δυναμικού. Αυτό θα μπορούσε να αντανακλά μια σφιχτή αγορά εργασίας. Επομένως, τα δεδομένα των μισθών που δημοσιεύονται την Παρασκευή έχουν επίσης αυξημένο ειδικό βάρος, καθώς; και θα μπορούσαν να μετριάσουν τον ενθουσιασμό για επιθετικές μειώσεις των επιτοκίων από τη Fed. Τί να προσέξετε Δευτέρα 2 Σεπτεμβρίου - Αργία στις αγορές των ΗΠΑ, του Καναδά και του Βιετνάμ - Παγκόσμιοι Δείκτες PMI για τη Μεταποίηση, συμπεριλαμβανομένου του παγκόσμιου PMI* (2-3 Σεπτεμβρίου) - Οικοδομικές άδειες στην Αυστραλία (Ιούλιος, προκαταρκτικά δεδομένα) - Πληθωρισμός στην Ινδονησία (Αύγουστος) - Τιμές Κατοικιών στο Ηνωμένο Βασίλειο (Αύγουστος) - ΑΕΠ Τουρκίας (Β' τρίμηνο) - ΑΕΠ Ιταλίας (Β' τρίμηνο, τελικά δεδομένα) Τρίτη 3 Σεπτεμβρίου - Πληθωρισμός Νότιας Κορέας (Αύγουστος) - Πληθωρισμός Ελβετίας (Αύγουστος) - ΑΕΠ Ελβετίας (Β' τρίμηνο) - Πληθωρισμός Τουρκίας (Αύγουστος) - ΑΕΠ Νότιας Αφρικής (Β' τρίμηνο) - ΑΕΠ Βραζιλίας (Β' τρίμηνο) - ISM PMI Μεταποίησης των ΗΠΑ (Ιούλιος) Τετάρτη 4 Σεπτεμβρίου - Παγκόσμιοι Δείκτες PMI για τις Υπηρεσίες και τους Σύνθετους Δείκτες, συμπεριλαμβανομένου του παγκόσμιου PMI* (3-4 Σεπτεμβρίου) - ΑΕΠ Αυστραλίας (Β' τρίμηνο) - Βιομηχανική Παραγωγή Βραζιλίας (Ιούλιος) - Εμπόριο Καναδά (Ιούλιος) - Εμπόριο ΗΠΑ (Ιούλιος) - Απόφαση για τα επιτόκια της BoC Καναδά - Θέσεις Εργασίας JOLTs των ΗΠΑ (Ιούλιος) - Παραγγελίες Εργοστασίων στις ΗΠΑ (Ιούλιος) - Fed Beige Book των ΗΠΑ Πέμπτη 5 Σεπτεμβρίου - ΑΕΠ Νότιας Κορέας (Β' τρίμηνο, τελικά δεδομένα) - Πληθωρισμός Φιλιππίνων (Αύγουστος) - Εμπόριο Αυστραλίας (Αύγουστος) - Πληθωρισμός Ταϊλάνδης (Αύγουστος) - Παραγγελίες Εργοστασίων Γερμανίας (Ιούλιος) - Απόφαση για τα επιτόκια της BNM Μαλαισίας - PMI Κατασκευών HCOB Ευρωζώνης* (Αύγουστος) - PMI Κατασκευών S&P Global Ηνωμένου Βασιλείου* (Αύγουστος) - Λιανικές Πωλήσεις Ευρωζώνης (Ιούλιος) - Μεταβολή Απασχόλησης ADP ΗΠΑ (Αύγουστος) - PMI Υπηρεσιών ISM ΗΠΑ (Αύγουστος) - PMI Τομέων S&P Global* (Αύγουστος) Παρασκευή 6 Σεπτεμβρίου - Εμπόριο Βραζιλίας (Αύγουστος) - Στεγαστικά Δάνεια Αυστραλίας (Ιούλιος) - Εμπόριο και Βιομηχανική Παραγωγή Γερμανίας (Ιούλιος) - Δείκτης Τιμών Κατοικιών Halifax* Ηνωμένου Βασιλείου (Αύγουστος) - ΑΕΠ Ευρωζώνης (Β' τρίμηνο, 3η εκτίμηση) - Ποσοστό Ανεργίας Καναδά (Αύγουστος) - Μη Αγροτικές Μισθοδοσίες, Ποσοστό Ανεργίας και Μέσος Ωρομίσθιος - Μισθοί ΗΠΑ (Αύγουστος) Σάββατο 7 Σεπτεμβρίου - Εμπόριο Κίνας (Ηπειρωτική χώρα) (Αύγουστος) Read the full article

[ultimate-media-insights]

Federal Reserve Chair Jerome Powell suggested the likelihood of forthcoming interest rate cuts during his keynote address at the annual Jackson Hole retreat, though he stopped short of offering concrete details on the timing or magnitude of these adjustments. Powell underscored that future monetary policy changes would be dictated by incoming economic data, evolving outlooks, and the balance of risks. This careful approach underscores the Fed’s dedication to responding to economic conditions as they develop to ensure long-term stability. Read more

[theleadersglobe]

Powell Signals Potential Interest Rate Cuts, Stresses Data Dependency

Federal Reserve Chair Jerome Powell suggested the likelihood of forthcoming interest rate cuts during his keynote address at the annual Jackson Hole retreat, though he stopped short of offering concrete details on the timing or magnitude of these adjustments. Powell underscored that future monetary policy changes would be dictated by incoming economic data, evolving outlooks, and the balance of risks. This careful approach underscores the Fed’s dedication to responding to economic conditions as they develop to ensure long-term stability.

Powell’s speech also took a retrospective look at the inflationary surge that triggered a series of 11 interest rate hikes from March 2022 through July 2023. He emphasised the significant strides made in reducing inflation, which now allows the Fed to give equal attention to maintaining full employment, a key component of its dual mandate. He pointed out that inflation has dropped substantially, and the labour market has cooled from its previously overheated state.

Read More: (https://theleadersglobe.com/money/powell-signals-potential-interest-rate-cuts-stresses-data-dependency/)

[virtualcurrencyspace]

Bitcoin Prices Are Falling

Bitcoin’s price dropped below $60,000 on Wednesday as excitement about Federal Reserve interest-rate cuts fizzled out.

Over the past 24 hours, Bitcoin was down 4.8% to $59,105. It has slipped 12% over the past three months, and is now trading 20% below the record high of just under $74,000 it hit back in March.

Other cryptocurrencies were also tumbling. Ether , which trails only Bitcoin in market capitalization, dropped 7.9% to $2,466, and Solana fell 7.2% to just under $146.

It wasn’t immediately clear what was driving the losses, but one factor could be traders taking profits after Fed Chair Jerome Powell’s Jackson Hole speech on Friday fueled a brief crypto rally.

[insurgentepress]

Vaivén económico por cáculos de la Reserva Federal

Por Erick Olivera Méndez/Ciudad de México.- El discurso más reciente de Jerome Powell, presidente de la Reserva Federal (Fed) de Estados Unidos, durante la conferencia económica anual en Jackson Hole, Wyoming, ha encendido nuevamente el debate sobre el futuro de la política monetaria estadounidense. La señal clara que envió Powell es que ha llegado el momento de ajustar las tasas de interés a la…

[coineagle]

Crypto Investments Surge Amid Speculation of Federal Rate Cut: How is BTC Faring?

Key Points

Bitcoin ETFs experienced substantial inflows, possibly due to expected Federal Reserve rate cuts.

BlackRock has increased its Bitcoin holdings, demonstrating rising institutional interest amidst changing economic conditions.

Bitcoin Exchange-Traded Funds (ETFs) have recently seen a significant increase in inflows. As of August 26th, inflows reached $202.6 million, according to Farside Investors.

Despite this positive trend in the ETF market, Bitcoin itself was struggling to surpass the $65,000 mark, trading at $62,898 after a 1.11% decline over the previous 24 hours.

Understanding the Market Dynamics

This discrepancy highlights a broader confusion among investors regarding the relationship between central bank interest-rate policies and their impact on the valuation of risk assets such as cryptocurrencies and stocks.

A recent report by CoinShares titled “Digital Asset Fund Flows” indicated that digital asset investment products saw inflows totalling US$533m, marking the largest inflows in five weeks.

This surge in Bitcoin ETFs followed Jerome Powell’s comments at the Jackson Hole Symposium, where he suggested the possibility of an initial interest rate cut in September. This has sparked renewed interest in risk assets.

The Fed’s Impact on Digital Assets

The report also emphasized the performance of Bitcoin, noting that it saw US$543m of inflows, primarily following Jerome Powell’s dovish comments. This highlights Bitcoin’s sensitivity to interest rate expectations.

Ethereum ETFs also experienced significant withdrawals from the Grayscale Ethereum Trust, totalling $2.5 billion in outflows over the past month.

Wall Street is anticipating a significant reduction in Federal Reserve interest rates from 5.33% to 3.33% over the next 18 months. This expected easing could lead to increased liquidity and investment opportunities, potentially driving up the value of digital assets.

BlackRock recently disclosed an updated portfolio for its Strategic Global Bond Fund, revealing an increase in its holdings of iShares Bitcoin Trust shares. As of the end of June, the fund held 16,000 shares, up from 12,000 shares reported in May.

The impact of the Fed’s rate cuts on asset prices remains to be seen.

[digicloudm]

The Fed has opened the door for 'a brand new bull market' in stocks, Wall Street strategist Jim Paulsen says

Caspar Benson/Getty Images Jerome Powell’s speech at Jackson Hole signaled a reset of the bull market clock, says Wall Street vet Jim Paulsen. The Fed’s intent to cut interest rates offers new support for stocks, Paulsen said. “I think it’s hard for a recession to find something to bite on, a vulnerability to bring us down,” Paulsen said. Jerome Powell’s dovish speech at Jackson Hole on Friday…

[darkmaga-retard]

He thinks the Fed needs to be *very* careful in how it conducts them

Adam Taggart

Aug 28, 2024

Last week in his much-anticipated speech at Jackson Hole, Federal Reserve Chairman Jerome Powell announced the "time has come for policy to adjust".

World markets now have a 100% probability expectation that the Federal Funds Rate will be cut at the upcoming September meeting.

In the words of Nick Timiraos, chief economist for the Wall Street Journal and suspected media mouthpiece for the Federal Reserve, "The Powell pivot is complete".

Is that indeed the case?

And if so, what should we expect from here in terms of the speed and depth of rate cuts?

What will the expected impacts be on the economy?

And which ones will be felt sooner, and which perhaps not for quarters from now?

And lastly, is this the correct policy move the Fed should be pursuing now?

For a true expert's informed perspective on these very important questions, we have the great privilege today of speaking with Dr Thomas Hoenig, former CEO of the Kansas City Fed, former voting member of the Federal Open Market Committee, a former director of the FDIC, and now a Distinguished Senior Fellow at the Mercatus Center.

Dr Hoenig feels the Fed needs to be *very* cautious in how it both communicates & conducts any rate cuts from here.

To find out why, click here or on the video below:

[santeptrader]

Fed taglierà i tassi! Strategie di difesa a Wall Street!

La Fed è pronta a ridurre i tassi, il messaggio lanciato dal presidente Jerome Powell durante il discorso a Jackson Hole non lascia spazio a dubbi. La decisione di abbassare i tassi, prevista per la riunione del 18 settembre, rappresenta un cambiamento significativo nella politica monetaria statunitense, con potenziali ripercussioni sui mercati finanziari globali. Ma cosa significa questo per…

[f5noticias]

Expectativas globais, apostas locais e desafios para dividendos: A semana decisiva para os mercados

Discurso de Powell em Jackson Hole e movimentos estratégicos no Brasil marcam um período crucial para investidores Na última sexta-feira, os mercados globais receberam um impulso significativo após Jerome Powell, presidente do Federal Reserve, sinalizar no Simpósio de Política Econômica em Jackson Hole que o esperado afrouxamento monetário nos Estados Unidos pode começar em setembro. Essa…