Perhaps the amazing markets that expected an aggressive tone, the president of the FED, Jerome Powell, took note of the downward risks for the economy on Friday.
Speaking in the economic symposium of the Fed of the city of Kansas in Jackson Hole, Powell said that the changing balance of risks can justify the adjustment policy.
“The downward risks for employment are increasing,” Powell said. “If these risks materialize, they can do it quickly in the form of very high layoffs and an increase in unemployment.”
Bitcoin has won around 2% since the comments reached the cables, increasing to $ 114,200.
In advance that Powell would remain aggressive, risk markets, cryptographic among them, had been under considerable pressure in the days before their direction.
Touching a higher record above $ 124,000 approximately one week together with the expectations for reducing September rates that had increased to almost 100%, Bitcoin It has collapsed almost 10% to $ 112,000, since these hopes of monetary flexibility quickly decreased to only 69% in the hours ahead of Powell’s speech.
Read more: Fed Hammack says ‘no’ to qualify the cut; Bitcoin slides to the low session below $ 113k
The perhaps more speculative ether correction (Eth) It was even deeper, with that cryptography falling approximately 12% during the same time after reaching a few dollars of its historical maximum.
In traditional markets, Nasdaq dropped 3% in recent days, since it also has a price to reduce the possibilities of a rate cut.
