Market Wrap: Bitcoin Price Barely Budges as Traders Await Powell Speech

in Jackson Hole, Wyoming, officials offered few clues as to whether the bank now prefers a 50 or 75 basis point rate hike, which would be announced in September at the next Federal Open Market Committee meeting., Philadelphia Fed President Patrick Harker said that decision depends on the next inflation reading, expected Sept. 13. But he doesn’t think it’s wise to “rush way up” but instead to “go up and sit for a while.

“I think we have to recognize that a 50 basis point move is still a substantial move, so whether it’s 50 or 75 I can’t say right now. But let’s not think that 50 isn’t a substantial move,” Harker said. Harker also said he’d like to see rates go up to 3.4% and leave them there for a little while before making another move. However, Kansas City Fed President Esther George said in anRegarding the Fed’s long-term inflation outlook, St. Louis Federal Reserve President James Bullard told CNBC he thinks markets are mispricing inflation and that price pressure will be sticky for longer than most investors anticipate.

HeleneBraunn Wasn't looking forward to this event. Just keep spending usdt to buy bitcoin regardless of the price

HeleneBraunn Personal thought of the day..... Crypto isn't a US thing..... It's a world wide thing.😎✌

HeleneBraunn Just sit tight folks.. Their going pump the shit out of cryptos for much needed liquidity, major rug pull shortly after, markets will follow. BTC... See you 15.000

HeleneBraunn There's nothin like itt

HeleneBraunn wwhy media is silent abouut this

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