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Crypto Holds Big Weekly Rally as Warsh’s Jackson Hole Debut Comes Into Focus
XRP, Ether and Dogecoin led a weekly crypto rebound as traders awaited guidance on rates from Kevin Warsh's first Jackson Hole speech.
- Bitcoin traded above $77,100 on Monday as investors positioned themselves ahead of Federal Reserve Chair Kevin Warsh's keynote address at the Jackson Hole Symposium later this week, marking his first appearance as chair.
- Central bankers gather at the Jackson Hole Symposium this week as persistent inflation and $40 trillion in debt loom over the event, with traders treating the Federal Reserve Chair's address as a critical rate signal.
- Treasury yields eased on Monday as riskier assets surged, with XRP up over 46% and Ether rising almost 28% over seven days, while 10-year Treasury note yields dropped more than 2 basis points to 4.71%.
- Equities faced pressure as Alibaba tumbled 9.6% on plans to raise about $10.2 billion, while Samsung Electronics fell 8.7% following an $80 billion return plan; Nvidia is scheduled to report earnings this week.
- Treasury Secretary Scott Bessent recently unveiled an extended debt buyback program aimed at easing pressure on the yield curve, while markets look toward upcoming economic data including the PCE price index to assess borrowing costs.
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Bond market anxiety raises stakes for Warsh’s debut Jackson Hole speech
By Howard Schneider WASHINGTON, Aug 24 (Reuters) - U.S. Federal Reserve Chairman Kevin Warsh's debut speech at the annual Jackson Hole conference this week, self-advertised as a choice between discussing near-term policy or broader principles, has take...
Two big things to watch in the stock market this week: Nvidia earnings and Fed Chairman Kevin Warsh’s first Jackson Hole speech
Two big things to watch in the stock market this week: Nvidia earnings and Fed Chairman Kevin Warsh’s first Jackson Hole speech Click this link for the original source of this article. Author: CNBC This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use...
Coverage Details
Total News Sources10
Leaning Left1Leaning Right1Center5Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
14%
C 72%
14%
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