Fed Chair Jerome Powell Expected to Set Stage for September Rate Cut
Briefly

from Coindesk6 months ago
U.S. Federal Reserve Chairman Jerome Powell is expected to signal an imminent easing in policy, specifically anticipating a 25 basis point rate cut in September.
Coindeskhttps://www.coindesk.com/markets/2024/08/22/fed-chair-jerome-powell-expected-to-set-stage-for-september-rate-cut/
Past Fed chairs, including Powell, have leveraged the Jackson Hole Economic Symposium to foreshadow significant shifts in monetary policy, building expectations prior to official announcements.
Coindeskhttps://www.coindesk.com/markets/2024/08/22/fed-chair-jerome-powell-expected-to-set-stage-for-september-rate-cut/
Despite traditional markets rising, with the S&P 500 and Nasdaq nearing record highs, Bitcoin continues to struggle, indicating divergent trends in assets amid anticipated rate cuts.
Coindeskhttps://www.coindesk.com/markets/2024/08/22/fed-chair-jerome-powell-expected-to-set-stage-for-september-rate-cut/
The recent FOMC minutes indicated a consensus among Fed participants that a September rate cut is likely, signaling a cautious but clear approach to easing monetary policy.
Coindeskhttps://www.coindesk.com/markets/2024/08/22/fed-chair-jerome-powell-expected-to-set-stage-for-september-rate-cut/
Read at Coindesk
#federal-reserve #jerome-powell #rate-cut #monetary-policy #financial-markets
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