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Will the Fed signal an impending policy change at this year's Jackson Hole Symposium?

As Powell's latest Monetary Policy Testimony alludes for the first time to concerns on the FOMC about the dangers of keeping monetary policy tight for too long, is this a signal that he is preparing to use this year's Symposium as on opportunity to put the market on notice for a first interest rate cut?

ByStuart Cole|@Stuart Cole|10 July 2024



Yesterday’s semi-annual Monetary Policy Testimony from Fed Chair Powell did not deliver any real surprises, Powell delivering what was largely a repeat of the script given at the June FOMC meeting. But there was a slight change in nuance, with a nod given to the dangers of keeping interest rates on hold for too long, and with the suggestion that this danger is starting to raise concerns for some Committee members.

This year's Jackson Hole Symposium could turn out to be the most important and eventful gathering of recent times.

In what was an uneventful appearance, Powell’s message repeated what is already a known narrative, namely that the US labour market remains “strong”, that the economy is continuing to grow “at a solid pace” and that recent inflation reports have shown some “further modest progress” in returning CPI back to target. The phrases were the same as those provided at the June FOMC meeting; clearly the Fed remains determined not to signal any potential easing in monetary policy yet.

In terms of the outlook for any potential cut in rates, he noted that “more good data” was still needed before the Committee could be fully confident that inflation was sustainably on a path back to its 2% target. But there was no specifying as to what this “good data” actually consisted of. Neither did he allude to the quantity of “good data” required, or over what time period it would be needed. As such, it is a somewhat vague message. The market already knows the Committee is looking for further good data

#BTCbitcoin
$BTC

#Bitcoin Faces Downward Pressure, Could Test Key Support Levels”☠️
Bitcoin continues its downward trend after failing to surpass the critical resistance threshold at 67,000 USD. The leading cryptocurrency has declined from the resistance level of 66,850 USD, and is now at risk of falling below the support level of 65,500 USD.
In recent trading sessions, Bitcoin was unable to maintain its price above 67,000 USD and has started to decline. It is currently trading below 66,800 USD and under the 100-hour simple moving average. A breakdown occurred below the uptrend line, connecting with the support at 66,500 USD on the hourly chart of the BTC/USD pair.
If the downward trend continues, Bitcoin could trade below the support level of 65,500 USD. The price has fallen below the 23.6% Fibonacci retracement level of the upward move from the low of 65,075 USD to the high of 66,868 USD. There is a possibility that the price will test the 50% Fibonacci retracement level of the same upward move.
On the upside, Bitcoin is encountering resistance near 66,500 USD and the 100-hour simple moving average. The next resistance level could be 66,850 USD, followed by 67,000 USD. A clear move above the 67,000 USD level could initiate a new increase, pushing the price higher.
In case of an increase, Bitcoin might test the resistance at 66,000 USD. Any further gains could lead Bitcoin towards the resistance level of 68,500 USD in the near future.
However, if Bitcoin cannot overcome the resistance at 66,500 USD, it may continue to move downward. Immediate support on the downside is near 66,000 USD. The first major support level is 65,750 USD, and the next support is forming near 65,500 USD. Any further losses could push Bitcoin towards the support zone of 65,000 USD in the upcoming period.$BTC
$BTC $ #arb #gala $

Here are Some Advices For You to Become Better at Future Trading👇
Develop a Clear Trading Plan
1. Define your goals, risk tolerance, and trading strategies.
2. Decide between short-term trades and long-term investments.
3. A clear plan helps you stay disciplined and avoid impulsive decisions.
4. Set specific, measurable, achievable, relevant, and time-bound (SMART) goals.
5. Review and adjust your plan regularly based on market changes.
6. Include contingency plans for unexpected market movements
I hope that's coin is bullish.

$NOT 🚀 Avviso di notizie entusiasmanti!
ora è il momento giusto per entrare
🚀 Mi sono appena imbattuto in un articolo su Finbold che discute l'analisi dei prezzi per Notcoin, e sembra che ci sia una certa forza rialzista in fermento nonostante la recente debolezza di altre criptovalute. 📈 L'articolo suggerisce persino che Notcoin potrebbe potenzialmente raggiungere $ 1 entro il 2024! 💰💥Se stai cercando un'opportunità di investimento promettente, questa potrebbe essere quella da tenere d'occhio. Chissà, potremmo assistere a un'impennata di Notcoin nei prossimi anni! 🌟#Notcoin#Criptovaluta #Bullish
#not
$NOT

Trappola per balene ❗️
Le balene stanno attualmente creando l'illusione di una corsa al rialzo. La verità è che hanno bisogno di acquistare più Bitcoin. Se questa non è una corsa al rialzo, c'è la possibilità di un grande crollo di Bitcoin. È una trappola. Tutti i trader, state attenti.
#gala #ada #flok

Open your mind and read‼️
This is a bull market, however there is alot of misinformations and lies going around.
Alot of people will start claiming ridiculous targets. If you are new in crypto, trusting the wrong source will make you lose and waste your time.
First of all. $BTC will not reach 500,000$ this cycle. We are lucky if it reaches 200,000$. We will be grateful if it reaches 150,000. Do not enter the market thinking that you will turn 1000$ into 10,000$ with btc.
$ETH will not reach 30,000$. We are lucky if it reaches 15,000 and we will be grateful if it reaches 10,000$.
$SOL will not reach 5,000$. We are lucky if it reaches 1,500$ and we will be grateful if it reaches 1000$.
What is my point?
Do not come into crypto with overly high expectations. Especially at this point of the market. Most of the bullrun is done for bitcoin. Im not saying its impossible but its not probable.. It will probably hit 500,000 but not this cylce. Maybe 2 or 3 cycles down the road.
Its a trap. These influences claiming crazy targets are after your views, likes and impressions. They do not need you to buy for them to make money. They just need your attention.
Your money is something you worked hard for. Its always good to do your own research and not base your investments on hearsay.
There are alot of tokens that can bring you 10x, 20x or maybe even 100x but those tokens are probably not being talked about yet.
Most money is made if you are in before the hype. In this case crytpo in the top 20 would probably not do a 20x. Most cryptos in top 5 will probably not do a 10x. Btc will probably not do a 3x.
Protect yourself. No one can fool you if you are well informed.
Oh yeah i forgot. XRP will not go to 100$. Be happy if it goes to 2$. I do not hate xrp. But the tokenomics is the worst. They have a strong community. they will lead you to believe lies. Be aware.
Understand that the market is designed to take money from ignorant people and move it into the hands of the well informed people.
now time to move bull #btc #ARB🔥🔥🔥 #gala #NOT🔥🔥🔥

$Partecipa a#EarnFreeCrypto2024e vinci fino a 500 FDUSD!
Tuffati nella nostra campagna#EarnFreeCrypto2024per cogliere l'occasione di vincere fino a 500 FDUSD! 💰 Pubblica un articolo informativo su Binance Square, delineando le tue 6 migliori strategie per guadagnare criptovaluta gratuita nel 2024. Immergiti in tecniche come gli airdrop, evidenziando in particolare Megadrop di Binance, strumenti come Binance Earn, Binance Learn and Earn, Binance Launchpool, Write2Earn su Binance Square, programmi di riferimento allettanti e omaggi dinamici sui social media.
Periodo della campagna: dalle 00:00 del 24/05/2024 alle 23:59 del 29/05/2024 (UTC)
Partecipare:
Crea un articolo approfondito su Binance Square, in cui presenti le tue migliori strategie per guadagnare criptovaluta gratuita. Fornisci approfondimenti completi su ciascun metodo, spiegando come gli utenti possono partecipare attivamente. Il tuo articolo può presentare prodotti o campagne di Binance, come ad esempio:
Binance MegadropBinance Guadagna Binance LaunchpoolBinance Impara e GuadagnaWrite2Guadagna su Binance Square.

Assicurati che il tuo articolo abbia una lunghezza minima di 600 parole.
Linee guida:
Assicurati che i tuoi contenuti condivisi siano originali, ricchi di informazioni approfondite e basati su incidenti reali. I post con un elevato coinvolgimento e privi di contenuti originali potrebbero essere squalificati.
Selezione del vincitore:
Cinque post che generano la maggior interazione verranno premiati ciascuno con 100 FDUSD.

Termini e Condizioni:
Questa campagna potrebbe non essere disponibile nella tua regione. Le proposte verranno valutate da una giuria del team di Binance Square, in base alla pertinenza dell'argomento, alla formattazione, alla qualità della ricerca, all'origine fattuale e all'originalità. Il contenuto deve anche essere in linea con le regole della campagna. Solo i contenuti non inferiori a 600 parole si qualificheranno per i premi. I post che tentano di aumentare il coinvolgimento sfruttando i Red Packets e gli omaggi verranno squalificati. I contenuti devono essere pubblicati su Binance Square in modo organico per qualificarsi per il premio. I vincitori della settimana verranno ricevere una notifica entro 14 giorni tramite una notifica push in Creator Center > Square Assistant. Per questa campagna non verranno prese in considerazione le candidature dei partner Media e Progetti.Il FDUSD ha preso #FDUSD

$BTC #BnbAth #TopCoinsJune2024 $ETH $BTC #Binance200M I hope bull run coming

$ARB #My Favorite Tokens Which one Is Best for Long Invetment?
Arbitrum (ARB) and Optimism (OP) are both Layer 2 solutions that aim to enhance the Ethereum ecosystem, but they have some key differences.
..Scalability: Both utilize Layer 2 Optimistic Rollups, but Arbitrum implements an “AnyTrust” model, while Optimism processes transactions sequentially.
..Transaction Speed: Arbitrum can handle 40,000 TPS, while Optimism offers a maximum speed of 2,000 TPS.
..Security: Both leverage Ethereum’s robust security, but Arbitrum’s “AnyTrust” model ensures the system functions correctly as long as there’s one honest validator.
..Activity & Development: Arbitrum stands strong with a TVL of $5.87 billion, capturing a 60% market share, while Optimism showcases a healthy ecosystem with a TVL of $2.22 billion and a 22% market share.
..Tokenomics & Price History: ARB is currently priced at $1.17, with a market capitalization of $1 billion, while OP token is priced slightly higher at $1.32 each, with a market capitalization of $853 million.
..Price Prediction: Both present promising growth prospects, with potential for significant price appreciation over the next decade.
Arbitrum is currently in the lead in terms of popularity and support, but Optimism holds a solid second position with potential to challenge Arbitrum’s lead.arb is very good.