Bitcoin Could Rise After Powell Signals Possible Fed Rate Cut, But Inflation Risks Persist
The post Bitcoin Could Rise After Powell Signals Possible Fed Rate Cut, But Inflation Risks Persist appeared on BitcoinEthereumNews.com. Powell rate cut prospects rose after Fed Chair Jerome Powell said the Fed is “not on a preset course,” signaling a possible September rate cut; Bitcoin and other cryptocurrencies rallied immediately as markets priced in easier policy ahead. Fed hint of easing at Jackson Hole spurred an immediate crypto rally. Bitcoin jumped intraday while markets weighed inflation risks versus labor strength. Data: Bitcoin rose from $112,000 to $114,700 and Ethereum from $4,300 to $4,600 within 15 minutes (CoinGecko data). Powell rate cut: Bitcoin jumped after Powell left the door open for a September rate cut; read market reaction and key takeaways for traders. What did Powell say about a rate cut at Jackson Hole? Federal Reserve Chair Jerome Powell said the central bank is “not on any preset course” and that the “baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” signaling that a September rate cut is possible if risks tilt toward weaker inflation or labor outcomes. How did Bitcoin and Ethereum react to Powell’s remarks? Markets responded quickly: Bitcoin rose from $112,000 to $114,700 and Ethereum climbed from $4,300 to $4,600 within 15 minutes, according to CoinGecko. Despite the intraday rally, both assets remained down over the past week, reflecting lingering volatility and macro uncertainty. ‘, ‘
The post Bitcoin Could Rise After Powell Signals Possible Fed Rate Cut, But Inflation Risks Persist appeared on BitcoinEthereumNews.com.
Powell rate cut prospects rose after Fed Chair Jerome Powell said the Fed is “not on a preset course,” signaling a possible September rate cut; Bitcoin and other cryptocurrencies rallied immediately as markets priced in easier policy ahead. Fed hint of easing at Jackson Hole spurred an immediate crypto rally. Bitcoin jumped intraday while markets weighed inflation risks versus labor strength. Data: Bitcoin rose from $112,000 to $114,700 and Ethereum from $4,300 to $4,600 within 15 minutes (CoinGecko data). Powell rate cut: Bitcoin jumped after Powell left the door open for a September rate cut; read market reaction and key takeaways for traders. What did Powell say about a rate cut at Jackson Hole? Federal Reserve Chair Jerome Powell said the central bank is “not on any preset course” and that the “baseline outlook and the shifting balance of risks may warrant adjusting our policy stance,” signaling that a September rate cut is possible if risks tilt toward weaker inflation or labor outcomes. How did Bitcoin and Ethereum react to Powell’s remarks? Markets responded quickly: Bitcoin rose from $112,000 to $114,700 and Ethereum climbed from $4,300 to $4,600 within 15 minutes, according to CoinGecko. Despite the intraday rally, both assets remained down over the past week, reflecting lingering volatility and macro uncertainty. ‘, ‘
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