Bank of Japan Governor Kazuo Ueda will attend the Jackson Hole conference.
Where Federal Reserve Chairman Jerome Powell's speech may hint at a rate cut in September 2025.
The probability of a rate cut in September 2025 is currently 84.9%, and the Federal Reserve's strict stance may affect digital currency prices, while its easing may contribute to their rise.
Bank of Japan Governor Kazuo Ueda will attend the Federal Reserve's conference in Jackson Hole, scheduled for August 21-23, 2025, according to the Japanese central bank's confirmation on Wednesday. This major meeting in Wyoming brings together central bank governors, policymakers, and economists to discuss global economic issues.
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Cryptocurrency investors are particularly focused on Federal Reserve Chairman Jerome Powell's speech, hoping for clues about the likelihood of a rate cut in September. Markets, including cryptocurrencies, often experience volatility during this event, and this year is no different as everyone awaits hints about monetary policy.
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The cryptocurrency market is under significant pressure.
The Jackson Hole conference has long influenced markets. Crypto Expresso, host of the "The Daily Alpha" online show, noted on X that this event has caused declines in the S&P 500 since 2022, followed by recoveries.
In 2022, Powell's hawkish stance on inflation led to a 3% drop in a single day. In 2023, markets fell after his statements on inflation, and even with a moderation in his tone in 2024, we witnessed the first decline. Cryptocurrency analyst, Eazy, says traders are selling Bitcoin and Ethereum, preparing for a potential hawkish stance from the Federal Reserve, which could negatively impact cryptocurrency prices.
CME's FedWatch tool indicates an 84.9% probability of a rate cut in September, down from previous confidence. Eazy warns that if no cut occurs, markets may face a tough period lasting between four to six weeks due to uncertainty.