Powell to Deliver Speech on Friday Evening, Some Traders Lower Rate Cut Expectations
BlockBeats News, August 20: Federal Reserve Chairman Powell is scheduled to deliver a key speech at this year's gathering in Wyoming on Friday evening Beijing time. Meanwhile, the latest release of higher-than-expected inflation data has led some traders to lower their interest rate cut expectations, while still maintaining the judgment of a rate cut next month.
Ian Lyngen, head of U.S. Rate Strategy at BMO Capital Markets, stated in a research report that "as the market prepares for Powell's speech at Jackson Hole, the biggest risk facing the Treasury market is: Fed Chair may pour cold water on the market's widespread expectation of a rate cut in September."
Currently, about 325,000 options positions (costing about $10 million) stand to make a profit of up to $100 million if they correctly predict a 50 basis point rate cut by the Fed at the September policy meeting. In addition, current market pricing indicates an approximately 80% probability of a 25 basis point rate cut at the September 16-17 meeting. (FXStreet)
You may also like

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
