• The wider community also looks to Powell’s statement for hints about the future policy.

  • The Jackson Hole retreat will be graced by the presence of Jerome Powell on Friday.

This coming week, the crypto market will be watching for important events like the July FOMC Minutes and the Jackson Hole Retreat address by Fed Chair Jerome Powell. Given its potential influence on investor sentiment, the FOMC Minutes will certainly affect the mood of the market. The wider community also looks to Powell’s statement for hints about the Fed’s future policy rate stance and goals.

The scene is expected to be set for the future performance of the financial markets by the events that are slated to take place this week. With hopes skyrocketing for a US Federal Reserve rate decrease in September. The world’s financial markets and cryptocurrency markets are anxiously awaiting these developments.

Eventful Week Ahead

On Monday, August 19, statements will be given by Federal Reserve Governor Christopher Waller to begin the week. Michael Barr, Vice Chair for Supervision at the Federal Reserve System, and Raphael Bostic, President of the Atlanta Fed, are expected to make remarks on Tuesday, August 20. Concurrently, the Jackson Hole retreat will be graced by the presence of Fed Chair Jerome Powell on Friday, August 23.

Investors will be keeping a careful eye on the remarks. Since they might hint at future policy rate moves by the US central bank. There is a 75% probability that the Federal Reserve will announce a 25 basis point rate drop at their September meeting. This is according to the CME FedWatch Tool data.

On August 21, investors will be able to read the minutes of the Federal Open Market Committee’s (FOMC) July meeting. Which they are keenly anticipating since they may reveal the Fed’s current position on policy rates. The market seems to have recovered faith in the economy after recent US CPI and PPI data showed that inflation eased in July.

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