Powell Dey Signal Say Dem Go Cut Rate for September, E Spark Crypto Rally
For di Jackson Hole symposium, Fed Chair Jerome Powell yarn say dem fit cut di rate as early as September, dis one mean say dem don comot from di long time tight monetary policy. Dis kain dovish talk make di chance say dem go cut rate pass 85% for di fed fund futures and e spark one big crypto rally: Bitcoin waka pass $11,700, while Ethereum rise 14% to new all-time high about $4,888.
Traders dey expect say borrowing go cheap and liquidity go increase to push crypto rally well well. Market pipu go dey watch di coming PCE inflation and employment data well to confirm say di policy go dey easy and dat digital asset go get steady bullish momentum.
Bullish
Powell talk wey soft and wetin dey make September rate cut chance high don boost liquidity and risk appetite, e sharp well well to drive crypto rally. Short term, Bitcoin gain 4% pass $11,700 and Ethereum jump 14% reach $4,888 show say bullish momentum don return well. Looking forward, low borrowing cost and sure easing wey go come from PCE inflation and employment data go keep market confidence high and long term price support for digital assets.