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Invezz 2023-08-28 08:58:13

BTCUSD consolidates amid ‘higher for longer’ outlook after Powell’s speech

Jerome Powell’s speech at the Jackson Hole conference is expected to maintain a positive stance on US interest rates and bond yields, favouring the dollar’s strength. This sentiment is especially significant when contrasted with global economic conditions. While Powell’s speech favours the US dollar, Bitcoin (BTC), which seems to be hanging on a thread, has The post BTCUSD consolidates amid ‘higher for longer’ outlook after Powell’s speech appeared first on Invezz .

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