The Breakdown Markets Hold Their Breath in Wyoming
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Aug 23, 2025 Jerome Powell's upcoming speech at Jackson Hole has investors on high alert, hinting at potential shifts in rate cut expectations. The podcast delves into the urgency of the crypto lobby's push for legislation ahead of the midterms. Attention shifts to China's pivot towards yuan-backed stablecoins and its implications for global finance. Also on the radar are the challenges posed by Bitcoin's sideways trading and how AI developments are reshaping market narratives. It's a mix of anticipation and strategic moves in a quiet market.
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Powell Will Temper Rate Cut Certainty
- Jerome Powell's Jackson Hole speech is likely to cool market certainty about a September rate cut rather than announce bold new policy.
- Powell prefers flexibility and dislikes markets preempting Fed policy, so tone matters more than new plans.
Crypto Moves Toward Mainstream Integration
- Washington is shifting from permissive regulation to actively integrating crypto rails with the financial system.
- Fed governors signaled openness to using crypto infrastructure, marking an inflection toward mainstream integration.
Pragmatism Drives Crypto Bill Strategy
- Senate appears likely to favor the House's bipartisan crypto bill approach to maximize passage odds.
- Lawmakers prioritize deliverable consensus over ideal definitions to actually get legislation through.