Best Crypto To Buy Now? Ethereum Price At New ATH After Dovish Fed Speech
The post Best Crypto To Buy Now? Ethereum Price At New ATH After Dovish Fed Speech appeared on BitcoinEthereumNews.com. The Ethereum price reached its all-time high, moving beyond the $4.8k mark yesterday, as Jerome Powell, Chair of the Federal Reserve, made a dovish speech at Jackson Hole. “With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” BREAKING: Fed Chair Powell says the “shifting balance of risks may warrant adjusting our policy stance.” It appears Fed Chair Powell is setting the stage for a September rate cut. — The Kobeissi Letter (@KobeissiLetter) August 22, 2025 The community is taking these comments as an attempt at regulatory easing, which suggests a rate cut could be coming in September. With ETH reaching its all-time high and ETH-based assets potentially establishing an uptrend, investors are wondering whether Ethereum is the best crypto to buy now. Sweeping Changes Coming to Tax, Trade, and Immigration Policies – Jerome Powell Jerome Powell gave a cautious outlook toward interest rate cuts, highlighting that uncertainty is growing, which makes the Federal Reserve’s path forward complicated. “Sweeping changes are coming to tax, trade and immigration policies,” Powell said, which could shift the balance of risks. He noted that while the labor market is strong, downside risks are increasing. On top of that, tariffs have increased living costs, which could drive inflation higher, something the Fed is trying to avoid. Even a cautious tone toward rate cuts was taken as positive news by the market, leading to the Dow surging 600 points. Not all on Twitter were convinced by this outlook. Analyst David Sommers said that the Fed Chair is not careful enough about the possible second wave of inflation-driven policy increases coming our way. Others have commented on the vagueness of the statement, which aligns with other statements made in the past. Nevertheless, most of the community has…
The post Best Crypto To Buy Now? Ethereum Price At New ATH After Dovish Fed Speech appeared on BitcoinEthereumNews.com.
The Ethereum price reached its all-time high, moving beyond the $4.8k mark yesterday, as Jerome Powell, Chair of the Federal Reserve, made a dovish speech at Jackson Hole. “With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.” BREAKING: Fed Chair Powell says the “shifting balance of risks may warrant adjusting our policy stance.” It appears Fed Chair Powell is setting the stage for a September rate cut. — The Kobeissi Letter (@KobeissiLetter) August 22, 2025 The community is taking these comments as an attempt at regulatory easing, which suggests a rate cut could be coming in September. With ETH reaching its all-time high and ETH-based assets potentially establishing an uptrend, investors are wondering whether Ethereum is the best crypto to buy now. Sweeping Changes Coming to Tax, Trade, and Immigration Policies – Jerome Powell Jerome Powell gave a cautious outlook toward interest rate cuts, highlighting that uncertainty is growing, which makes the Federal Reserve’s path forward complicated. “Sweeping changes are coming to tax, trade and immigration policies,” Powell said, which could shift the balance of risks. He noted that while the labor market is strong, downside risks are increasing. On top of that, tariffs have increased living costs, which could drive inflation higher, something the Fed is trying to avoid. Even a cautious tone toward rate cuts was taken as positive news by the market, leading to the Dow surging 600 points. Not all on Twitter were convinced by this outlook. Analyst David Sommers said that the Fed Chair is not careful enough about the possible second wave of inflation-driven policy increases coming our way. Others have commented on the vagueness of the statement, which aligns with other statements made in the past. Nevertheless, most of the community has…
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