Bitcoin rises 2% to $114,200 after speech. Ether rebounds 8% after 12% correction. US stocks gain 1%, yields drop to 4.27%, gold up 0.6%. Federal Reserve Chair Jerome Powell shifted the market narrative on Friday by signalling that a September rate cut is under active consideration, a move that quickly altered expectations across global financial markets. Speaking at the Kansas City Fed’s Economic Symposium in Jackson Hole, Powell highlighted that downside risks to employment are rising and could accelerate in […]
