Powell hinted at a rate cut, will the Fed make a big move in September? Bitcoin soared to 65,000! Is it a real breakthrough or not?

Yesterday, Powell mentioned at the Jackson Hole Annual Meeting that "the time is ripe for rate cuts" and hinted that the Fed may start a rate cut cycle at the upcoming September meeting.

Although he did not provide a specific rate cut path and speed, he only emphasized that future policies will depend on "upcoming data" and "balance of risks",

but these words have been interpreted by the market and major institutional media as a strong signal of a rate cut in September.