Key Notes
- Fed Chair Jerome Powell will address the National Association for Business Economics today in Philadelphia.
- Markets expect rate cuts, but a hawkish tone could trigger more volatility.
- The crypto market has recorded a 4% drop today, with Bitcoin trading around key support.
Federal Reserve Chair Jerome Powell will deliver a closely watched speech titled “Economic Outlook and Monetary Policy” at the NABE annual meeting today. This comes at a time of intense market volatility, with investors awaiting signals on US interest rates.
Futures markets currently assign a 97% probability of a 25 basis point rate cut in October and an 89% probability of another in December. This suggests broad expectations for monetary easing amid signs of economic slowdown.
However, if Powell signals that interest rates may remain higher for longer, analysts warn that both traditional and crypto markets could face renewed…
