Deep Tide TechFlow News, August 21st, according to analysis by BiyaPay analysts, Federal Reserve Chairman Powell will deliver his final speech at the Jackson Hole Annual Meeting this Friday evening Beijing time. Despite the latest inflation data exceeding expectations, some traders have lowered their rate cut expectations, but the market still anticipates that the Federal Reserve will cut rates in September. BMO Capital Markets analyst Ian Lingen stated that Powell could pose risks to market rate cut expectations, especially regarding bets on a 50 basis point cut.
According to historical data, there is no fixed pattern for Bitcoin's performance in the month following Powell's last seven Jackson Hole speeches, but rate-cutting cycles often lead to increases. In 2016, 2019, and 2020, Bitcoin rose by 15%, 20%, and over 50%, respectively. Especially in the current rate-cutting cycle, Bitcoin may continue to benefit, attracting more capital inflow.
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