🚨 Alert: The probability of a US interest rate cut in September drops to 75.3%, and Jerome Powell's speech is tomorrow!
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📢 What's new?
* The expectations for a rate cut by the Federal Reserve in September have slightly decreased, with the CME FedWatch Tool now indicating a 75.3% chance.
* This decline comes ahead of Federal Reserve Chairman Jerome Powell's speech at the annual Jackson Hole symposium.
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💡 Why is this important?
* Powell's remarks are among the most significant factors influencing financial markets, including cryptocurrencies.
* If Powell's speech is "hawkish" and emphasizes fighting inflation, this could lower the expectations for an interest rate cut.
* On the other hand, if it is "dovish" and suggests that inflation is under control, expectations may rise again, which is considered positive for the markets.
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📈 Future outlook:
* Significant market volatility is expected following Powell's speech tomorrow, depending on the tone of his remarks.
* Investors will closely monitor his statements for signals regarding the Federal Reserve's next steps.
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❓ Do you think Powell's speech will significantly change market expectations?
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