Markets Spike After Fed Chair Says It ‘Makes Sense to Moderate the Pace’ of Rate Hikes, Hints Easing Could Happen in December
Stocks, Crypto, and Precious Metal Markets Jump Higher Against the Greenback Following Powell’s Speech at Brookings Institutiona “progress report on the Federal Open Market Committee’s efforts.” The Fed chair’s speech at the Brookings Institution in Washington hinted at the possibility of smaller rate hikes starting in December.
After Powell’s speech, equity markets spiked and cryptocurrencies and precious metals followed suit. A troy ounce of .999 fine gold jumped 1.15% higher during the last 24 hours, while an ounce of fine silver rose by 4.45%, according to the. Gold is currently exchanging hands at $1,770 per ounce and silver is swapping for $22.27 per ounce.
btc, bitcoin above $ 17k now. The bottom was in $15300. Double bottom. The block fi bad news did not move it too much. Now any new goods or fed slow down on interest will move btc. Where my 12k bitcoin. I want buy it at 12k.
I'm so happy to see Bitcoin above 17k USDT.
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BTC is gonna blow up! It’s only a matter of time… Get in before your stuck on the sideline watching 💯💪🏻
Yep!
I hate that some old bureaucratic fart speaks, and then the price moves.
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Stocks are little changed as investors await Powell speechInvestors are waiting to see what Federal Reserve Chair Jerome Powell will say about future monetary policy in a Wednesday speech. What difference did that make. Markets were already inflated on the back of what was expected. So why the sudden panic and waiting game. Load of crap!
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