Fed Chair Powell Excites Markets With Latest Rate Cut Signal - Coincu
BTC $60991.774 0.93%
ETH $2679.782 2.98%
BNB $579.803 1.25%
XRP $0.6 -0.04%
BTC ETH BNB ADA SOL AVAX DOGE LINK TRX
USD EUR GBP JPY AUD CAD CHF CNY
Convert
LIVE UPDATES • Fed Chair Powell Excites Markets With Latest Rate Cut Signal • WazirX Exchange Hack Update: INR Withdrawals to be Opened in Phases • Kraken Australia Loses Case to a Regulator in the Court Ruling • MASHASH Cloud Mining: Leading a New Revolution in Cryptocurrency Mining for 2024 • MakerDAO Redenominates MKR Token into 24,000 NGT in Endgame Plan • Spot Bitcoin ETFs Gain $65M in Net Inflows, Extending Streak • Sony Group unveils Soneium Layer-2 blockchain with Startale Labs • ZualaCapital Managing Partner Pakam Joel On the current state of the digital asset class • DOGS Listing Price Prediction: Will DOGS Go to The Moon? • Justin Sun USDD Stablecoin Is Now Fully Backed by TRX
News Fed Chair Powell Excites Markets With Latest Rate Cut Signal 1 min - Around 2 mins mins to read
Key Points:
Fed Chair Powell suggested possible rate cuts in September to support the economy.
Traders are anticipating a rate cut, with some expecting a quarter-point reduction and others speculating a possible half-point cut.
Following Powell’s dovish comments, Bitcoin prices surged by more than 1.2% to $62,300.
In the year’s most closely watched speech, Federal Reserve Chair Jerome H. Powell signalled Friday that the central bank is ready to cut interest rates at its upcoming September meeting.
Read more: Fed Interest Rate Steady At 5.25%-5.50%, High Odds For September Reduction
Fed Chair Powell Signals Possible Rate Cuts in September
Speaking at the Kansas City Fed’s annual conference in Jackson Hole, Wyoming, Fed Chair Powell said the size of the rate cut is still up for debate; the central bank was prepared to adjust its policy in defence of the labour market and the steady path of the economy.
In a broad move of the Fed’s stance, Powell said, “The time has come for policy to adjust.” He stated any decision regarding the appropriate timing and magnitude of rate cuts would be dependent on the incoming economic data, the evolving economic outlook, and the balance of risks.
Powell said the Federal Reserve would support the strong labour market and continue to monitor price stability. His comments come after interest rates have been kept near 5.3% for more than a year, the highest in two decades.
Market expectations of a possible rate cut at the Fed’s Sept. 17-18 meeting have risen, as inflation appears to be slowing, and there are signs that the job market may be cooling. Traders have started pricing in a one-in-three chance of a larger half-point rate cut from earlier expectations of a quarter-point cut.
Bitcoin Surges Following Fed Chair’s Dovish Comments
The Fed started aggressively hiking in early 2022 in response to rapid inflation. With supply constraints finally easing and inflation now moderating, Fed Chair Powell indicated that the Fed could shift focus to holding up employment levels.
The financial markets reacted very quickly to Powell’s remarks. Shortly after his speech, Bitcoin prices were up more than 1.2 per cent to $62,300, which means enhanced optimism about the relief of monetary policies and their implications for asset prices.
Bitcoin fed Fed Chair Powell Federal Reserve Jerome Powell Powell
Author Harold
With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Related Posts
Blast Stablecoin USDB Depegged by Over 5% Amid Market Crash Declining Ethereum Gas Fees Are Causing a Significant Increase in ETH Supply: Kaiko Report MicroStrategy Bitcoin Holdings Tops List of Companies With Over $13.5 Billion of Reverse Franklin Templeton Tokenized Fund Now Launched on Avalanche Miami Heat Jimmy Butler and Ben Armstrong Agree to Pay $340,000 to Settle Binance Lawsuit The Strategic Bitcoin Reserve Bill Is Now Officially Announced With Positive Community Response Bitcoin ETF Investment Is Increasingly Expanded By Hedge Funds Tether CEO Paolo Ardoino: Own Blockchain Is Now Not the Right Move!
Fed Chair Powell Excites Markets With Latest Rate Cut Signal
Key Points:
Fed Chair Powell suggested possible rate cuts in September to support the economy.
Traders are anticipating a rate cut, with some expecting a quarter-point reduction and others speculating a possible half-point cut.
Following Powell’s dovish comments, Bitcoin prices surged by more than 1.2% to $62,300.
In the year’s most closely watched speech, Federal Reserve Chair Jerome H. Powell signalled Friday that the central bank is ready to cut interest rates at its upcoming September meeting.
Read more: Fed Interest Rate Steady At 5.25%-5.50%, High Odds For September Reduction
Fed Chair Powell Signals Possible Rate Cuts in September
Speaking at the Kansas City Fed’s annual conference in Jackson Hole, Wyoming, Fed Chair Powell said the size of the rate cut is still up for debate; the central bank was prepared to adjust its policy in defence of the labour market and the steady path of the economy.
In a broad move of the Fed’s stance, Powell said, “The time has come for policy to adjust.” He stated any decision regarding the appropriate timing and magnitude of rate cuts would be dependent on the incoming economic data, the evolving economic outlook, and the balance of risks.
Powell said the Federal Reserve would support the strong labour market and continue to monitor price stability. His comments come after interest rates have been kept near 5.3% for more than a year, the highest in two decades.
Market expectations of a possible rate cut at the Fed’s Sept. 17-18 meeting have risen, as inflation appears to be slowing, and there are signs that the job market may be cooling. Traders have started pricing in a one-in-three chance of a larger half-point rate cut from earlier expectations of a quarter-point cut.
Bitcoin Surges Following Fed Chair’s Dovish Comments
The Fed started aggressively hiking in early 2022 in response to rapid inflation. With supply constraints finally easing and inflation now moderating, Fed Chair Powell indicated that the Fed could shift focus to holding up employment levels.
The financial markets reacted very quickly to Powell’s remarks. Shortly after his speech, Bitcoin prices were up more than 1.2 per cent to $62,300, which means enhanced optimism about the relief of monetary policies and their implications for asset prices.
Visited 1 times, 1 visit(s) today
Other Posts
Related Posts
Casino Reviews
- 347 days ago 49 mins
Top Bitcoin Casino Sites In 2024
- 12 hours ago 2 mins
BTC Whale Dumps $18M – 300 BTC Gone in 30 Minutes!
Casino Reviews
- 307 days ago 13 mins
Best Tether Casino Sites With USDT Bonuses 2024
- 12 hours ago 3 mins
Binance Changpeng Zhao Will Be Released From Prison On September 29
Knowledge
- 223 days ago 12 mins
Other Reviews
- 170 days ago 16 mins
Unstable Diffusion Review: AI Tool Creates Unique Realistic Images
Casino Reviews
- 347 days ago 19 mins
Top Bitcoin Gambling Sites In 2024
Knowledge
- 215 days ago 10 mins
30-50X Meme Coin List! (That Potentially Work)
24h 7D 30D Trending
- 12 hours ago 2 mins
BTC Whale Dumps $18M – 300 BTC Gone in 30 Minutes!
- 12 hours ago 3 mins
Binance Changpeng Zhao Will Be Released From Prison On September 29
- 1 days ago 2 mins
Vice President Kamala Harris to Promote Crypto With Supportive Measures
Market
- 1 days ago 2 mins
TRON Daily Revenue Tops $3.84M, Leaving Ethereum and Solana Behind
- 12 hours ago 2 mins
El Salvador Cold Wallet Surges with 5,850 BTC!
- 6 days ago 2 mins
DOGS Airdrop Claim Is Now Available for Users
Press Releases
- 4 days ago 4 mins
2024’s Top Altcoins That Could Turn You into a Millionaire
Airdrop
- 3 days ago 3 mins
Massive Simon’s Cat Airdrop to Pounce on FLOKI Holders via Binance
- 3 days ago 4 mins
Crypto Millionaire
- 4 days ago 10 mins
Davinci Jeremie Net Worth: The First To Promote Bitcoin Value
Market
- 18 days ago 3 mins
Bitcoin Price Crashes By 22% Amid Market Turmoil and Seized Assets
- 19 days ago 2 mins
The Strategic Bitcoin Reserve Bill Is Now Officially Announced With Positive Community Response
Press Releases
- 15 days ago 3 mins
Shiba Inu (SHIB) Makes Way For New Cryptocurrency Rival Predicted To 2000x Profits
- 15 days ago 3 mins
Ripple SEC Lawsuit Continues to See a Victory for XRP
- 6 days ago 2 mins
DOGS Airdrop Claim Is Now Available for Users
Latest
view more
- 1 min 2 mins
1 min
23 Aug
Fed Chair Powell Excites Markets With Latest Rate Cut Signal August 23, 2024
- 40 mins ago 2 mins
40 mins ago
23 Aug
WazirX Exchange Hack Update: INR Withdrawals to be Opened in Phases August 23, 2024
- 1 hours ago 2 mins
1 hours ago
23 Aug
TOP Casino Projects
view more
Press Release
view more
- 6 hours ago 3 mins
6 hours ago
23 Aug
MASHASH Cloud Mining: Leading a New Revolution in Cryptocurrency Mining for 2024
- August 22, 2024 4 mins
August 22, 2024
22 Aug
Launch a Network with Restaked Security in Minutes: Tanssi and Symbiotic Set New Ethereum Standard
- August 21, 2024 3 mins
August 21, 2024
21 Aug
Animoca Brands-Backed Soulbound Raises $4 Million for Web3 Social Gaming
Key Points:
Fed Chair Powell suggested possible rate cuts in September to support the economy.
Traders are anticipating a rate cut, with some expecting a quarter-point reduction and others speculating a possible half-point cut.
Following Powell’s dovish comments, Bitcoin prices surged by more than 1.2% to $62,300.
In the year’s most closely watched speech, Federal Reserve Chair Jerome H. Powell signalled Friday that the central bank is ready to cut interest rates at its upcoming September meeting.
Read more: Fed Interest Rate Steady At 5.25%-5.50%, High Odds For September Reduction
Fed Chair Powell Signals Possible Rate Cuts in September
Speaking at the Kansas City Fed’s annual conference in Jackson Hole, Wyoming, Fed Chair Powell said the size of the rate cut is still up for debate; the central bank was prepared to adjust its policy in defence of the labour market and the steady path of the economy.
In a broad move of the Fed’s stance, Powell said, “The time has come for policy to adjust.” He stated any decision regarding the appropriate timing and magnitude of rate cuts would be dependent on the incoming economic data, the evolving economic outlook, and the balance of risks.
Powell said the Federal Reserve would support the strong labour market and continue to monitor price stability. His comments come after interest rates have been kept near 5.3% for more than a year, the highest in two decades.
Market expectations of a possible rate cut at the Fed’s Sept. 17-18 meeting have risen, as inflation appears to be slowing, and there are signs that the job market may be cooling. Traders have started pricing in a one-in-three chance of a larger half-point rate cut from earlier expectations of a quarter-point cut.
Bitcoin Surges Following Fed Chair’s Dovish Comments
The Fed started aggressively hiking in early 2022 in response to rapid inflation. With supply constraints finally easing and inflation now moderating, Fed Chair Powell indicated that the Fed could shift focus to holding up employment levels.
The financial markets reacted very quickly to Powell’s remarks. Shortly after his speech, Bitcoin prices were up more than 1.2 per cent to $62,300, which means enhanced optimism about the relief of monetary policies and their implications for asset prices.
Visited 1 times, 1 visit(s) today