Fed Rate Chatter Nears Peak Sparking Crypto Top Concerns from Analysts
TLDR
- Powell hinted at September rate cuts, sending crypto and stocks higher.
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Ethereum touched $4,834, near its record $4,866 peak from 2021.
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Social media mentions of Fed and cuts surged to an 11-month high.
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Chainlink hit $27.11, showing strength as it decoupled from the market.
Federal Reserve Chair Jerome Powell’s speech at Jackson Hole ignited a strong rally across digital assets and equities. He noted that conditions in inflation and the labor market “may warrant adjusting” monetary policy. Markets interpreted the comment as a signal that interest rate cuts could begin as early as September.
The CME FedWatch Tool shows that 75% of market participants now expect a September cut. This fueled optimism, lifting…
