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Key Highlights:
Event focus: The Jackson Hole Economic Policy Symposium takes place August 21–23, 2025, with Fed Chair Jerome Powell’s speech set for Friday at 14:00 GMT.
Rate cut expectations: Markets see an 83% chance of a 25 bps rate cut on September 17, down from 94% last week.
Dollar impact: Lower interest rates tend to weaken the dollar and boost risk assets, such as stocks and crypto.
Powell's tone matters: A dovish Powell could fuel an EUR/USD breakout; a hawkish tone might trigger profit-taking.
EUR/USD setup: The EUR/USD pair is up 13% year-to-date, and is trading near 1.168, just below key resistance at 1.182.
Neutral technicals: A flat MACD and RSI at 50 reflect market indecision ahead of Powell’s remarks.
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The Jackson Hole Symposium, hosted annually by the Kansas City Fed in Wyoming, has evolved into one of the most watched macroeconomic events of the year. While the gathering includes global central bankers, economists and academics, the market’s spotlight this year is firmly on one figure: Federal Reserve Chair Jerome Powell, who will speak on Friday at 14:00 GMT.