#CryptoIntegration The market is preparing for the keynote address by Federal Reserve Chairman Jerome Powell at the Jackson Hole Conference next week, a speech that could shape monetary policy this fall.
New economic data has complicated the Fed's path. The Producer Price Index (PPI) for July rose 0.9% from the previous month, the strongest increase in three years, while rising 3.3% year-on-year. The higher-than-expected numbers have stirred investors who are betting on more aggressive interest rate cuts this year.