Bybit x 10x Research — Bitcoin Braces for Fed Chair Powell's Speech on Rate Cuts
Aug 20, 2024
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Author: Markus Thielen, Founder and CEO of 10xResearch
Bitcoin's Lessons From the Fed's 2019 Rate Cuts
Markets are eagerly anticipating Fed Chair Powell’s speech on Friday, August 23, at Jackson Hole. He’s expected to signal that the Federal Reserve is prepared to cut interest rates at its upcoming September 18, 2024 meeting. This decision would follow one of the longest periods in recent history during which the Fed raised rates, paused for an extended duration and shifted to a more accommodative monetary policy.