🚨 EMERGENCY UPDATE 🚨 Today, Fed Chairman Jerome Powell is giving a highly anticipated speech that could significantly impact financial markets. There’s growing concern that the Fed may be too late in cutting interest rates, which is putting a lot of pressure on Powell. Investors are no longer questioning whether the Fed will cut rates in September, but by how much—either 25 or 50 basis points. In his previous speeches, Powell has been cautious and avoided giving away too many details, and he might do the same today. However, he could still signal that a rate cut is coming, though he may not specify how large it will be. Another important factor is a recent development in employment data. The U.S. Department of Labor revealed that 818,000 fewer jobs were created over the past year than previously reported. This is the biggest downward revision in 15 years and adds even more pressure on the Fed to lower interest rates. Markets are now expecting the Fed to cut rates by a total of 100 basis points by the end of the year, with three meetings left in September, November, and December. To meet these expectations, a 50 basis point cut would likely need to happen at one of these meetings, though Fed officials have so far downplayed this possibility. Powell’s speech today could provide crucial hints about what the Fed plans to do next. #MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek