๐ Fed Chair Jerome Powell Signals Potential Rate Cuts ๐บ๐ธ
In his Jackson Hole speech, Fed Chair Jerome Powell said that current economic conditions and a weakening job market "may warrant" a shift in policy โ potentially leading to interest rate cuts in the coming months.
Markets reacted quickly:
๐ S&P 500 rose 1.3%
๐ช Crypto saw a slight bounce โ BTC and ETH edged up
With the next Fed meeting on September 16โ17, expectations for a rate cut are increasing.
๐ Lower rates = more liquidity = bullish for crypto.
Could Bitcoin rally to $75K if the Fed cuts?
