Cryptocurrency News

Cryptocurrencies react to Jackson Hole, Fed rate hike plans and a weakening bear market rally

08/23/2022

Less than a minute

2022.08.23 09:10

Cryptocurrencies react to Jackson Hole, Fed rate hike plans and a weakening bear market rally

The European stock markets and the United States equities markets are both deep in the red on Aug. 22 as investors fear that aggressive rate hikes may not be off the table.

Another thing keeping investors nervous could be the upcoming Jackson Hole economic symposium, which is scheduled to begin on Aug. 25. Investors are concerned that Federal Reserve chairman Jerome Powell could further elaborate on the Fed’s hawkish stance and plans for future interest rate hikes.

08/23/2022

Less than a minute

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