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Crypto Markets and Equities Jump As U.S. Fed Chair Jerome Powell Alludes to Upcoming Rate Cuts

25/08 00:55

The crypto and stock markets surged Friday after Federal Reserve Chair Jerome Powell alluded to upcoming rate cuts in a speech at an economic symposium. While speaking in Jackson Hole, Wyoming, Powell said the economy was growing at a “solid pace” but noted that inflation and labor market data indicated an “evolving situation.” “The upside […] source: https://dailyhodl.com/2024/08/24/crypto-markets-and-equities-jump-as-u-s-fed-chair-jerome-powell-alludes-to-upcoming-rate-cuts/

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