Tag Archives: finance

Both global equities and the cryptocurrency market have taken a sharp hit this week as investors brace for Federal Reserve Chair Jerome Powell’s remarks at the annual Jackson Hole Symposium in Wyoming. This high-profile gathering of central bankers, policymakers, and economists has historically served as a platform for major policy signals, and markets are reacting with caution. Bitcoin has retreated …

Asian stock markets moved higher on Wednesday as investors reacted positively to U.S. President Donald Trump’s assurance that he does not plan to remove Federal Reserve Chairman Jerome Powell. The comments came after earlier speculation that Powell’s job was at risk following the Fed’s pause on rate cuts. Japan’s Nikkei 225 rose by 1.9%, reaching 34,875.64 in the afternoon session. …