Fed’s Powell at Jackson Hole: Prepared to Raise Rates Further if Appropriate
Market participants were looking to Friday morning’s speech to gauge the future direction of the U.S. central bank’s monetary policy.
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Market participants were looking to Friday morning’s speech to gauge the future direction of the U.S. central bank’s monetary policy.
Instruments tied to interest rates compete with Bitcoin for investor dollars.
The unemployment rate TKTK to 3.X% versus 3.7% in June and against expectations for 3.7%.
BlackRock’s CEO once called Bitcoin an “index of money laundering.” Now he’s changed his tune.
The rise in real yields is more of a headache to blue chip stocks than to markets like technology or crypto and will not disrupt the medium-term growth story, one observer said.