The Jakson Hole meeting, which is of great importance for banking and money markets, will take place on August 25-27 this year. Fed Chairman Powell is expected to make statements at the conference.
World central bankers will meet Jackson Hole conference this year It will take place in Kansas City August 25-27.. Fed Chairman at the conference Jerome Powell‘of Friday, July 26 at 17:00 (TSI) is expected to speak.
meeting both bond markets as well as naturally cryptocurrency markets of great importance to Powell, who will make statements at the meeting, continue rate hikes While it is expected to emphasize the importance of the interest rate hike at the September meeting, it is not expected to give a preliminary information about the size of the interest rate hike.
While the US bond markets followed a sales-weighted course this week, inverting yield curves in some assets recession fears continues to feed. In terms of cryptocurrencies, Sales pressure has been heavy for 1 week can be said. bitcointhis week a 10% drop while continuing with Ethereum if on a weekly basis %12It continues to be traded in the markets with a decrease of . According to many expert comments, the Jackson Hole meeting created environment of uncertaintyall investors from risk assets It keeps them away and triggers selling pressure.
At the Fed’s September meeting 50 or 75 basis points It is known that there are indecisions and disagreements about whether it will increase or not. CME’s FedWatch Tool, 56.5%the probability of a 50 basis point increase by 43.5%It also shows the possibility of an increase of 75 basis points at a rate of .
In Powell’s statements, while clues about the possible monetary policy steps of the Fed are expected to the markets that are in the dilemma of inflation and recession, the said statements are expected to affect the markets. It is expected to increase volatile movements..