Crypto News Today
August 22, 2025 11:13:13 UTC
Powell’s Jackson Hole Speech Could Spark Crypto Rally
At 10AM ET, Fed Chair Jerome Powell speaks at the Jackson Hole Summit, a key event for markets. Fears of a hawkish tone have pushed the September rate cut odds down to 71%. But economic signals are flashing red unemployment is up to 4.2%, jobless claims are rising, and bankruptcies hit 2020 highs, with inflation still below 3%. Analysts say even mild dovish hints could spark a massive short squeeze, boosting Bitcoin and altcoins.
