The four-year 'Jackson Hole Symposium' will be held again this Friday
Commonly known as the 'Global Central Bank Annual Meeting'
The previous two times saw Bitcoin increase by 10% on the day and then decrease by 20% on another occasion.
At that time, Powell will deliver a speech on the U.S. economy at the conference, which theoretically may involve changes to U.S. interest rates in September or even longer.
This will affect the movement of Bitcoin $BTC
· Morgan Stanley predicts that Powell will resist interest rate cut expectations at the Jackson Hole Annual Meeting, showcasing a hawkish stance.
'Sticky' service sector inflation intensifies, forcing the Federal Reserve to adopt a tough stance, and the expected interest rate cuts may not materialize.
Continuing to monitor: CFX ENA SOL XRP DOGE OM SUI