Tom Lee: Powell's Friday Speech May Be Understood by the Market as "Dovish," While the Stock Market Will Rise After the Speech
BlockBeats News, August 20th, BitMine's newly appointed Chairman of the Board, Tom Lee, posted on social media, stating that in discussions with institutional investors, more people expect Federal Reserve Chairman Powell to lean towards "hawkish" in his speech this Friday, as he does not want to be forced into a corner to cut interest rates. This is just the "baseline scenario," and the probability leans towards his statement being seen as "dovish," which means the stock market may rise after the Jackson Hole event.
Federal Reserve Chairman Powell will deliver a speech on the economic outlook and the Federal Reserve's policy framework evaluation at the Federal Reserve Bank of Kansas City's annual central bank symposium in Jackson Hole, Wyoming, on August 22nd at 10 a.m. Eastern Time (10 p.m. Beijing Time).
You may also like

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

Dalio's important long article: How to position in the current market environment?

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun

New gameplay for participating in initial offerings on cryptocurrency exchanges

Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq

DeepSeek Financing Story

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Cursor, why did you get on Musk's spaceship?

In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?

Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

How to exit after asset tokenization?

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?

