BitMine chairman predicts: Powell's speech may be dovish, stock market is expected to pump.

On August 20, BitMine's newly appointed Chairman Tom Lee posted on social media that during conversations with institutional investors, more people expect Fed Chair Powell to lean towards "hawkish" in his speech this Friday, as he does not want to be forced into a corner to cut rates. This is just the "baseline scenario," and the probability leans towards his statement being viewed as "dovish," which means that the stock market may pump after the Jackson Hole event.

Fed Chairman Powell will speak on the economic outlook and the assessment of the Fed's policy framework at the Kansas City Fed's annual central bank meeting in Jackson Hole, Wyoming, at 10 AM Eastern Time on August 22 (10 PM Beijing Time).

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
StakeHouseDirectorvip
· 22h ago
It still depends on Brother Bao.
View OriginalReply0
LiquidityWizardvip
· 08-20 18:08
It's not that simple, PI.
View OriginalReply0
ZKSherlockvip
· 08-20 08:26
Hoarding some Bitcoin is definitely a good idea.
View OriginalReply0
airdrop_huntressvip
· 08-20 08:24
Predictions are not accurate.
View OriginalReply0
RadioShackKnightvip
· 08-20 08:22
With a fulcrum, you can earn.
View OriginalReply0
fren.ethvip
· 08-20 08:22
Be patient, what will the result be?
View OriginalReply0
OffchainWinnervip
· 08-20 08:02
Go against the grain
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)