The Crypto Community awaits fresh macro cues from the FED!
Investors are looking for new guidance in Federal Reserve Chairman Jerome Powell’s Jackson Hole, Wyoming, speech today (Friday).
According to CME Group's FedWatch Tool, a majority still favored a repeat of July’s 75-basis-point raise.
On-chain platform, Material Indicators stated that “We often see an increase in volatility just before FED announcements, but that may be limited if some of the near range liquidity doesn't get cleared out,”
The anonymous host of InvestAnswers believes that the markets will probably rally if interest rates don’t go up again.
As per analyst, It’s likely to be the most important catalyst for the week for equities and cryptos alike. If we get a hint of dovishness, the market will rally.