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Federal Reserve Chairman Jerome Powell says that current market and economic conditions could allow for an interest rate cut soon. In his speech at the Fed’s annual conclave in Jackson Hole, Wyoming, the Fed Chair cited “sweeping changes” in tax, trade and immigration policies. The result is that “the balance of risks appears to be shifting” between the Fed’s twin goals of full employment and stable prices. Thus, future cuts are possible. JUST IN: Fed Chair Jerome Powell suggests current conditions 'may warrant' interest rate cuts. pic.twitter.com/Ogn5NsxHOz — Watcher.Guru (@WatcherGuru) August 22, 2025 Powell noted that compared to the state of the economy during his speech last year, unemployment is lower and the labor market is in better condition. He went on to indicate that these conditions allow “us to proceed carefully as we consider changes to our policy stance.” “Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks ...

Trump Coin (Official Trump/TRUMP) experienced a massive surge soon after its launch. The coin’s price skyrocketed due to its ties with President Trump. TRUMP hit an all-time high of $73.43 on Jan.19, one day before President Trump’s inauguration. The asset’s price has fallen by 85% since its January high. TRUMP has fallen to the 55th place in the market cap charts. The project is now on the verge of losing the position to VeChain (VET). Also Read: Litecoin Prediction: How High Will LTC Rise In May 2025? VeChain On Track To Overtake Trump Coin Source: The Market Periodical TRUMP’s price has fallen 2.2% in the daily charts and 22.5% in the weekly charts. VET, on the other hand, has dipped 2.6% in the daily charts and 8.5% in the weekly charts. Source: CoinGecko Also Read: Pi Coin Mid-May Price Prediction: 90-Year Theory Hints at Upcoming Surge TRUMP has a market cap of $2.18 billion, while VeChain (VET) has a market cap of $2.13 billion. VET’s market cap is j...

According to the data from Farside Investors, BlackRock’s Bitcoin (BTC) ETF purchased $351.4 million worth of the asset on May 1. The world’s largest asset manager has bought $3.2 billion worth of BTC since Apr. 22. Also Read: Eric Trump Says Crypto Will Replace SWIFT: 3 Coins That Can Make It Happen Source: Farside Investors Bitcoin Gains Amid Big BlackRock Purchases Source: Watcher Guru BlackRock’s recent purchases coincide with BTC’s latest recovery rally. BTC is facing some resistance at the $97,000 mark. The asset briefly breached the $97,000 mark earlier today. The original crypto has since fallen to the $96,000 level. BTC is trading in the green zone across the board today. The asset is up 1% in the daily charts, 3.5% in the weekly charts, 14.8% in the 14-day charts, 14.3% in the monthly charts, and 67.8% since May 2024. Source: CoinGecko Also Read: Charles Schwab on the U.S. Dollar’s 7.3% Slide and What’s Ahead Other bullish developments may have also aid...

The state of Utah has presented a new bill proposing to allow 10% of state funds to be invested in Bitcoin (BTC) and stablecoins. State Representative Jordan Teuscher presented the bill on Monday, Jan. 20, 2025. An interesting point is that the proposed legislature was introduced on the day of Donald Trump’s inauguration as the 47th President of the United States. Also Read: 5 Currencies That May Take A Major Hit If De-Dollarization Advances The proposed legislature is called the “Blockchain and Digital Innovation Amendments” bill. According to an X post by State Representative Teusher, “ This bill reflects our commitment to embracing cutting-edge technology and preparing for the future of finance, while ensuring fiscal sovereignty. “ If voted into law, the bill could lead to a significant rise in Bitcoin’s (BTC) adoption. Utah is the 11th US state to have a BTC reserve bill. Will Bitcoin Rally? Source: Watcher Guru The proposed bill is a bullish deve...

The BRICS alliance is looking to topple the US dollar by launching a new currency in the global markets. BRICS countries are also pushing their local currencies ahead of the US dollar to settle cross-border transactions. China is making developing countries pay in the Chinese Yuan and Russia is convincing other nations to settle trade in the Russian Ruble. Additionally, India signed an agreement with 20 developing countries to pay a part of the trade in the Indian Rupee. Also Read: When Will Saudi Arabia Join BRICS ? Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. The Feds are also closely watching the development and now aim to protect the US dollar from BRICS and other local currencies. BRICS: Federal Reserve Governor Predicts How Long the US Dollar Will Remain Global Currency Source: marketsinsider.in Christopher Waller, Member of the Federal Reserve Board of Governors predicted that the US dollar will remain a domin...

Federal Reserve Chair Jerome Powell has warned that more interest rate hikes are coming. Indeed, speaking on Friday, the Fed Chair said that interest rate hikes would be needed to continue to combat inflation that remains “too high.”  Although Powell acknowledged that progress has been made, he noted that inflation is still above a comfortable level. Moreover, Powell clearly stated that the Federal Reserve was “prepared to raise rates further” as the fight continued.  JUST IN: 🇺🇸 FED Chair Jerome Powell says inflation is still too high and warns more interest rate hikes are coming. — Watcher.Guru (@WatcherGuru) August 25, 2023 Also Read: Federal Reserve Expected to Raise Interest Rates Another 25 bps Fed Chair Calls Inflation “Too High” as He Warns of Continued Interest Rate Hikes The Federal Reserve has been vigilant in a long-standing battle with inflation rates. Although the Fed has enacted a pause on...

Officials Split On Interest Rate Hikes According to the minutes, officials expressed divergent opinions on the need for further interest rate hikes. The economic forecast presented by the staff to the FOMC was indicative of the fact that tightening in bank credit conditions, along with existing financial constraints, would likely result in a mild recession followed by a moderate recovery later in the year. advertisement Read More: Do Kwon’s $473K Bail Scrapped, To Remain Behind Bars In line with expectations, the Federal Reserve raised key interest rates by 25 basis points to a range of 5.00% to 5.25% in May. Interestingly, participants in the meeting agreed on the soundness and resilience of the U.S. banking system. They did also express concerns that tighter credit conditions for households and businesses could dampen economic activity, hiring, and markets. However, the extent of these effects remained uncertain, according to the minutes. Concerns...