{"content":"Bitcoin Soars as Powell Hints at September Rate Cuts In his much-anticipated Jackson Hole speech, outgoing Fed Chair Jerome Powell signaled the possibility of interest rate cuts before year-end—potentially as soon as the September FOMC meeting. Powell highlighted a deeper-than-expected slowdown in the U.S. economy compared to last month’s forecasts. While unemployment ticked up to 4.2% in July, he stressed that the rate remains historically low and stable. Markets immediately reacted to Powell’s remarks. Bitcoin surged from just under $112,000 to nearly $116,000 within hours, sparking a wave of liquidations across BTC and altcoins alike.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/23/ff72cdb4a62f40bb81a6961195b44da7.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}